Pricey Harrison

Friday, June 24, 2005

Film Incentives

The Senate has approved legislation that would provide tax breaks to the film industry to help North Carolina better compete with other states and countries. The House included similar incentives in its budget, which was passed last week. Supporters have said the state has lost up to 2,000 jobs as film projects were recruited away from North Carolina, and that, without incentives, more jobs are at stake. The Senate approved an amendment that caps a tax credit for a feature film at $7.5 million. Senate Republican leader Phil Berger of Rockingham County said the bill sets a bad precedent, favoring the film industry over textiles, furniture, and other industries in the state. SB 1144 was sponsored by Sen. Julia Boseman (D-New Hanover) and will now move over to the House for consideration.

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