The Bay State film industry is giving a thumbs down to Gov. Deval Patrick’s plan to
slash the tax credit that helped create more than $1 billion in economic activity.
“The film tax credit costs only one dime for every $1 it creates in jobs and economic
growth,” said Mary Fifield, a spokeswoman for the Massachusetts Production Coalition,
a group of companies that make films in the region.
Patrick filed a $28.2 billion budget yesterday that cuts human services, raises taxes on
candy, soda and smokeless tobacco, but spares local aid. The governor reduced the film
tax credit by $75 million, saying it “has been wildly successful but has been very
expensive.” He also trimmed the state’s life sciences tax credit by $5 million.
Fifield said she sympathizes with the governor’s need to cut spending. But the film tax
credit - which was $100 million in 2009 - has been a boon to the commonwealth, acting
as an incentive to local investment by production companies, she said.
“We want to help contribute to closing the budget gap,” she said. “We’re concerned
that this cut could have a negative effect on the jobs and businesses at a time of
Film biz blasts move to cut tax break
by Roland Hansen
|Delta Films - Movie News
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