Advocates wish to see higher tax incentives for film industry
Watch Carolina News 14
WILMINGTON – The debate on whether to increase the state’s tax incentive for the film industry continues in the state capital Thursday.
Advocates of a higher tax incentive plan to rally in Raleigh to show their support. The morning rally is scheduled ahead of the state film council’s 1 p.m. meeting.
Currently, the state offers a 15 percent tax incentive, but legislators are considering a bill to raise that to 25 percent. Advocates of the increase are pointing to the Miley Cyrus movie “The Last Song” which was originally scheduled to be filmed in Wilmington. The production moved to Georgia which offered up to 30 percent in incentives.
Opponents say incentives only benefit Hollywood and that states never recoup the money they spend.
