Welfare for the wealthy
Posted by Joseph Coletti at 10:03 AM
Just in time for another bill in the General Assembly to expand the state's film tax credit, which legislators just expanded last year despite our warnings, Governing Magazine asks whether the $1.8 billion states gave in incentives and tax credits between 2006 and 2008 are worth their cost.
The answer is still no.
BEFORE YOU EMAIL: I know not everybody in the movie industry is wealthy. It's just the well-known (and wealthy) actors and actresses are the ones the tax credits are designed to bring to the state.
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