Film/Media Production Subsidies

Film/Media Production Subsidies

Producing films is risky, and Hollywood is notorious for its creating accounting. So how'd you like to get a tax credit worth 30, 40 even 50 percent of your expenses in the state where you shoot? A tax credit far bigger than the income tax bill you will ever owe that state, so you can sell the credit to another company or get a cash refund. In a classic zero-sum game, about 42 states now offer subsidies for film and/or digital media production totaling more than $1 billion per year. Many subsidized films expose teenagers to smoking; indeed movies are considered the biggest media pushers of tobacco now that most advertising is banned. Yet some states spend more subsidizing films with smoking than they do on programs to help people avoid or quit smoking. See more here.

 

See the Big Giveaway Index, our compilation of the most egregious scams and risky subsidies.