WILMINGTON, NC (WWAY) — This morning Wilmington City Council found out about a bill in the state legislature to lift the cap on the state’s tax incentives for film projects. Council asked the Wilmington Film Commission for a briefing so council could see what the commission has accomplished in the past year.
Commission director Johnny Griffin says it’s asking for the caps to be removed so that production companies can get the most bang for their buck in the Tar Heel State.
“Essentially, the 25 percent incentive was passed last year, but because of some caps that were on it the companies have just not been able to fully utilize it,” Griffin said. “So essentially what we’re asking for these caps to be removed so the companies can fully utilize what was attended for them to utilize in the first place.”
Griffin said if the incentive is passed, then the movie business will pick up here in Hollywood East.