Decades of protectionism have led to the film industry’s decline, but a free market can make it bloom.
The credit "is at best a break-even proposition and more likely a net cost" for the state.
The Inflation Reduction Act of 2022 apportioned billions of dollars for green energy tax credits while also allowing them to be sold to other taxpayers.
The credits cost the state over $1.3 billion per year with a 19 percent return on investment. Lawmakers' proposals will do little to change that.
The program generates just 19 cents for every dollar spent.
Movie Industry Says Georgia's Film Tax Credits Are Great. State Auditors Say They're a Waste of Money.
Contradicting a new report funded by entertainment industry advocates, state auditors have cast significant doubts on the tax credit program's actual effectiveness.
Rand Paul Says Feds Blew Millions Supporting Tunisian Political Parties, Subsidizing Pakistani Films, and More
No single spending item is going to solve America's $22 trillion national debt, but every little bit of wasteful spending makes the tough problems more difficult to solve.
Economists debunk the state government's claims about the size of the film industry.
A local development study didn't evaluate whether government incentives had anything to do with a business's decision to invest.
Pennsylvania Subsidized Creed II With $16 Million in Tax Breaks, Even Though It Mostly Takes Place in California
The movie moves the Rocky franchise from Philadelphia to Los Angeles. So it's an apt metaphor for Pennsylvania's film subsidy program.
Hollywood, just like Amazon, shops around for massive deals from the government that the rest of us have to pay for.
Buy your own roses! Pay for your own fake romances!
Many subsidies for the film industry cost taxpayers more and create even less.
"Who would have ever figured: Hollywood comes to Onondaga, right?" Gov. Andrew Cuomo said at 2014 launch.
How Pennsylvania Taxpayers are Forced to Pay for Hollywood Hits Like Split (And Misses Like The Last Airbender)
M. Night Shyamalan has made millions off his sometimes-good, sometimes-bad movies, and millions more from taxpayers in Pennsylvania.
Millions to keep Nashville on the air after cancellation.
Hollywood, NFL lobby to block law in Georgia to the cheers of the left.
Big screen and small get big benefits at taxpayer expense.
Want to know how much of your money paid for Best Picture-winner Birdman? Too bad!
Governments do their job of propping up the rich
The privileged win. The people lose.
Just flushing money away
Got $27 million in state tax credits; grossed $12.7 million opening weekend
Speedshape's offices were vacated in November 2012
But, but ... Hollywood!
Tax credits for favored industries extended
Canada's attracted Hollywood for TV shows and films for the last decade plus