31 Comments for this article

Tags: , , , , ,

WILMINGTON, NC (WWAY) — We told you yesterday about plans to bring filming of a major motion picture to the Cape Fear. Today, we’re learning that producers of “Iron Man 3” may have chosen Wilmington over other locations because of state film incentives.

According to the Detroit Free Press, Michigan originally offered Marvel $13 million in incentives, but upped that to $20 million to match North Carolina. The Michigan Film Office told the newspaper that the film chose North Carolina instead because the money was guaranteed.

Marvel did not respond to requests for comment.

Comment on this Story

Leave a Reply

31 Comments on "FIRST ON 3: Michigan says incentives led ‘Iron Man 3’ to NC"

2015 years 10 months ago

What people need to understand is if NC doesn’t have an incentives package it doesn’t have a film industry. Hollywood is not under some sort of spell to film in NC. They do it because it makes sense economically, and logistically (crew base/studios). You absolutely have to look at this way. a company out there wants to spend well over 100 million in the state of NC and other states want that money just as bad as we do… we have to be competitive in order to get the production to come here if not that whopping 100+ million dollars goes someplace else.

As for your tax breakdown you forget that Robert Downey Jr and the rest of the “Stars” will be paying NC income tax with there heavy salaries, and will be living here for months spending money in our local shops, and restaurants. That goes for everyone on the payroll here during filming. People say well they get there lumber from Home Depot, and there not a NC company. Do you know that?? They might get it from a locally owned business E.F. Godwin…

Point is you can’t look at it from a tax stand point you have to look at it as an economic boost for the area. This money could have easily have gone to Michigan, Louisiana, Georgia… But they decided to come here.

2015 years 10 months ago

This is really pretty simple to resolve.

Many, including myself, question the value of film incentives.

No one, including the Wilmington or NC Film Czars has given any firm proof that film incentives add value and pay their way.

IronMan 3 is the future. Look at recent past productions. This is about as simple as it gets.

How much incentive was provided to the Rock & Michael Caine production? How many dollars were actually expended in NC for that production?

Put the “argument” to an end.

Give an answer more than “I promise you” or “take my word” as your weak validation for the film incentives.

It can not get much better or easier than that.

Until you do that; until you show in plain dollars and centsthat incentives have an adequate rate of return, you fail to build a case.

And like Democrats and Liberals, everywhere, when you fail to make a case, you fall back on the argument excuse.

To your credit, at least you did not try to lay blame on former President Bush.

iatse 491
2015 years 10 months ago

And other stuff.

All businesses and individuals providing accommodations in New Hanover County such as a hotel, motel, inn, residence, or other short term rental, charge a Room Occupancy Tax. This tax is in addition to the state and local Sales and Use Tax of 7.75%. The combined total of taxes on accommodations is 13.75%.

After a guest’s 90th consecutive day of occupancy, collection of all taxes stop (Sales and Use Tax and Room Occupancy Tax), and a refund is issued for all taxes paid (the entire 13.75%) for the first 90 days.

North Carolina does not charge filmmakers for use of state-owned and maintained property. Details below:

§ 143-162.2. Use of public property by production companies.

If a State agency makes real property available to a production company for a production, it shall not charge any fee other than reimbursement of actual costs incurred and actual revenues lost by the agency. As used in this section, the term “production company” has the meaning provided in G.S. 105-164.3. This section does not require a State agency to make real property available to a production company for a production. (2000-153, s. 3.)

Are there sales tax discounts? 1% sales tax cap on all items purchased for use in a production
(NC state sales tax is 7%). For details see: http://www.ncfilm.com/incentives-benefits.html

2015 years 10 months ago

NC will not be the recipient on income taxes for salaries paid to out of state workers here on temporary assignments.

And how much of the actual filming will be done here as opposed to Hollywood?

Nice try though.

BUT, it’s called business. Set your emotions aside.

How much financial benefit will NC gain in exchange for the tax incentives?

Easy question. May not be so easy to answer. But set aside the empty platitudes and give some actual bonafide answers.

For the record, how much was actually spent in NC for the Rock’s recent movie? Did he or Michael Caine even make an appearance in state?

2015 years 10 months ago

the Film Czar could lay all of this controversy to rest by merely laying out the numbers. No guesses; no hope. Just spell out the finances.

Only then can anyone clearly, and unemotionaly decide if NC is better off with or without the film indistry here.

And I hate to burst your bubble, folks in Florida are subject to Federal income tax. There is no state tax.


Related News