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re: Here is an easy $62.5 million to address the states shortfall.
Posted on 3/3/16 at 9:49 am to ssgtiger
Posted on 3/3/16 at 9:49 am to ssgtiger
quote:So maybe you can explain how the state dishes out money when it's a tax credit? We don't actually pay them first to come, nor would they be here without incentive.
What about all the money the state dishes out to the movie industry? It brings very little return on investment and is money that the state pays
Many governments of thriving economies do this for industry and it works.
It is difficult to reverse a rep for reneging on business incentives and brings on slow economic suicide.
This post was edited on 3/3/16 at 9:52 am
1
Posted on 3/3/16 at 1:37 pm to Mayhawman
quote:
So maybe you can explain how the state dishes out money when it's a tax credit? We don't actually pay them first to come, nor would they be here without incentive.
Many governments of thriving economies do this for industry and it works.
It is difficult to reverse a rep for reneging on business incentives and brings on slow economic suicide.
From people I know who deal with this, the movie companies sell the tax credits to LA residents who use them to lower their tax bills. From what I've been told, the movie companies get other tax breaks lowering their tax bills already and then people who have nothing to do with the movie industry are getting out of paying their share too.
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