CMU School of Drama


Sunday, December 07, 2008

Tweak tax breaks for movie biz

WISCONSIN STATE JOURNAL: "The study of Depp's 'Public Enemies' shows that the movie crew spent about $5 million on food, lodging, wardrobe and salaries for state residents while shooting in Madison, Columbus, Beaver Dam and a half dozen other Wisconsin locations from March through June.
In addition, the state expects to collect an estimated $270,000 in sales and income taxes related to the film being shot here.
But to lure the movie crew to Wisconsin in the first place, the state offered a 25 percent tax rebate for film expenses. That means the state will have to give the film company about $4.6 million -- far more than state coffers will receive in revenue from the movie's production."

No comments: