(Lansing, MI) – Two bills to give film and production companies a 30-percent tax credit if they spend over 50-thousand-dollars for commercials and 300-thousand-dollars for movies and TV shows have passed a state House committee. The bills give a credit against state tax revenue and not a rebate like the state’s former film tax credit did. The previous film tax credits were repealed in 2015 for being a poor return on investment.
Re-establishing the credit could bring between six-and-eight-billion-dollars in direct spending to the state in the first ten years.
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