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re: Film Industry changes-IP, Jim, Adam, whomever
Posted on 5/16/17 at 9:29 pm to I B Freeman
Posted on 5/16/17 at 9:29 pm to I B Freeman
May I ask what industry you work in?
0
Posted on 5/16/17 at 10:06 pm to Das_Wanda_kid
The entire film subsidy needs to end.
Other subsidies need to be reeled in.
We should subsidize industries that create the most bang for the buck while limiting the total subsidies to the national per capita average.
While we discuss subsidies the state is pushing to increase our gas tax from 41st in the nation to 7th. We are first in sales tax. Something has to give.
Other subsidies need to be reeled in.
We should subsidize industries that create the most bang for the buck while limiting the total subsidies to the national per capita average.
While we discuss subsidies the state is pushing to increase our gas tax from 41st in the nation to 7th. We are first in sales tax. Something has to give.
Posted on 5/16/17 at 11:29 pm to doubleb
quote:
Exactly what does this mean to the average citizen?
It doesn't soun dlike it's curbing the film giveaways.
My guess is the program will be smaller and more complex after session, but nobody has any idea of what is happening. There is so much swirling around. I think a back door deal has been made between the senate and house, and everyone else is in the dark until the conference committees meet.
The bills to watch on the house side are HB 508, HB 631, HB 640 and HB 530, and SB 254 on the Senate side, but whichever bills get passed will likely change a lot in the conference committees.
Posted on 5/16/17 at 11:36 pm to doubleb
quote:
Does Texas pay 30% of anybody's cost of doing business?
If you have less than $1 million in receipts in Texas you don't even have to file a return. It's not the same thing, but let's not act like states don't have programs to incentivize businesses to come or stay. You can debate whether this particular is good or bad, but arguing about incentives place in states tax structure is a mute point.
Posted on 5/17/17 at 8:00 am to Mingo Was His NameO
quote:
If you have less than $1 million in receipts in Texas you don't even have to file a return. It's not the same thing, but let's not act like states don't have programs to incentivize businesses to come or stay. You can debate whether this particular is good or bad, but arguing about incentives place in states tax structure is a mute point.
If you take in a million dollars in receipts, will Texas give you 300,000 dollars back?
And I have never said do away with all incentives and subsidies, I believe we need to cut back on the high number we give out and keep the ones that show the best return.
Posted on 5/17/17 at 8:16 am to doubleb
Now I am even more curious. Why is 1 acceptable and not the other? Also, there has never been a production in LA to receive 30%. They usually average in the low 20's.
The film incentive is not a subsidie. Their rebate is based off of the amount of money spent and where it is spent. I think all incentives should mirror this practice.
Screw a subsidie where the state simply pays an employer and hopes they have an impact. That's what we do with industrial incentives.
The film incentive is not a subsidie. Their rebate is based off of the amount of money spent and where it is spent. I think all incentives should mirror this practice.
Screw a subsidie where the state simply pays an employer and hopes they have an impact. That's what we do with industrial incentives.
This post was edited on 5/17/17 at 8:18 am
Posted on 5/17/17 at 12:14 pm to Das_Wanda_kid
quote:
The film incentive is not a subsidie. Their rebate is based off of the amount of money spent and where it is spent. I think all incentives should mirror this practice.
:lol: What is a subsidy if not a reimbursement of expenses???
It is out and out welfare. No other tax incentive the state offers comes even close.
I tell what you film makers would not want---a real tax incentive--an incentive that only reimburses you for state income tax you generate like most every other tax incentive in the state.
Posted on 5/17/17 at 1:59 pm to I B Freeman
First, I am not a film maker. I am a support vendor. I have never received any rebate, subsidy, or any other concession.
The encentives are based off of how much money they spend. It is on the back end. Some of these other programs outright cut a check before any work is ever done. It also includes income tax generated. Exactly what you asked for.
Yes, it is corporate welfare. Welcome to America. It applies to every industry. I asked what industry you work in and you declined to answer. I can guarantee your industry is encentive based. I'll wait.
The encentives are based off of how much money they spend. It is on the back end. Some of these other programs outright cut a check before any work is ever done. It also includes income tax generated. Exactly what you asked for.
Yes, it is corporate welfare. Welcome to America. It applies to every industry. I asked what industry you work in and you declined to answer. I can guarantee your industry is encentive based. I'll wait.
Posted on 5/17/17 at 4:18 pm to BlackAdam
Senate just capped credit issuance program at 150 and claims at 180. The program also sunsets in 2025. i'm going through amendments not, and I think they also very slyly made the credit non transferable.
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