HOUSE SPEAKER Ron Mariano won a major victory in budget negotiations with the Senate as the January 2023 sunset date for the state’s film tax credit was eliminated and all the major financial incentives associated with the credit were retained. The one concession the House made to the Senate was acceptance of a provision requiring […]
Film tax credit
Posted inUncategorized
Film tax credit headed for showdown
STATE HOUSE NEWS SERVICE AFTER INITIALLY encountering bipartisan opposition, the Senate Ways and Means Committee’s plan to overhaul the state’s film tax credit program is poised to sail through the chamber into a conference committee showdown with the House. The Senate on Wednesday afternoon rejected a batch of budget amendments from Minority Leader Bruce Tarr […]
Posted inArts and Culture
Senate proposal pares back film tax credit
THE SENATE BUDGET committee is proposing major changes to the film tax credit, setting the stage for a major clash with the House over the lucrative incentives the state offers to film and television production companies to shoot in Massachusetts. The House voted 160-0 in April to keep the existing film tax credit in place […]
Posted inArts and Culture
House follows Mariano’s lead on film tax credit
THE HOUSE, getting in line behind a high priority of Speaker Ron Mariano, unanimously passed a budget amendment on Monday that would do away with the planned sunset of the film tax credit program at the end of next year. The vote was 160-0, with no one in the chamber dissenting despite a recent report […]
Posted inArts and Culture
Film tax credit backers say they have the votes
SUPPORTERS OF THE state’s film tax credit, which came under fire this week from a commission examining Massachusetts tax breaks, say they have the votes to pass legislation that would make the tax credit permanent. The credit, which under current law is scheduled to sunset on January 1, 2023, provides a tax credit equal to […]
Posted inArts and Culture
Castle Rock’s impact called significant
A STUDY BILLED as the first of its kind indicates the initial season of Hulu’s Castle Rock television series received a projected $14.6 million in film tax credits from the state and generated $69 million of total economic output in Massachusetts – a return of $4.73 for every dollar of tax credit. The study is […]
Posted inArts and Culture
Film tax credit sunset looms
THE CHAIR OF THE SENATE WAYS AND MEANS Committee sounds as if he is in no hurry to eliminate the sunset provision contained in the state’s film tax credit law. The tax credit, launched in 2006 and scheduled to sunset on December 31, 2022, has been the focus of a number of attempts to eliminate […]
Posted inPolitics
Industry sets stage for film tax credit fight
THE STATE’S CONTROVERSIAL film tax credit is due to expire on December 31, 2022, and that would mean curtains for several job-creating local businesses that have sprung up around the celluloid gravy train. The film tax credit debate should be interesting. It’s a maxim on Beacon Hill that it’s easier to block legislation from passing […]
Posted inEconomy
Netflix, Showtime to film series in Mass.
A PANEL DISCUSSION exploring the benefits of the state’s film tax credit turned into a press conference of sorts on Tuesday when a couple of the panelists disclosed new series coming to shoot in Massachusetts. Gary Crossen, the general manager of New England Studios in Devens, said Netflix will be filming a series at his […]
Posted inThe Back Story
CT Lottery taps MA film tax credit
LEAF THROUGH THE LIST of recipients of Massachusetts film tax credits and one name comes up year after year: the Connecticut Lottery. One might think the lottery, created by the state of Connecticut, would want to do business as much as possible with companies in Connecticut. In a way, that’s the whole point of the […]