WILMINGTON, NC (WWAY) — Major film and television series producers are warning the state could lose thousands of jobs and millions of dollars it does not extend tax incentives set to expire next year.
In a letter to state leaders last month, the Motion Picture Association of America’s Senior Vice President for Government Affairs said the General Assembly’s failure to extend the incentives for film projects is already having a negative effect on North Carolina.
The MPAA says tax incentive programs are important, because they allow long-term planning for productions and could tip the balance between profit or loss and success or failure.
The state spent $60.5 million on the program last year and is still processing claims.
Wilmington Regional Film Commission Director Johnny Griffin says having the film incentive is a big draw for films who without it might go to other states.
“Obviously we have other things here that are good for the productions, as far as the sound stages, crews, locations and weather. There are a lot of different things that make this a great place to work, but that is just one of the pieces to the puzzle right now, and without that it certainly puts work in jeopardy,” Griffin said.
Critics of the film incentives say the money could be better spent in other places to provide across-the-board tax relief, which would also generate jobs.
In the last year incentives have helped bring several productions to our area, including the box office hits “Iron Man 3,” “Safe Haven,” “The Conjuring” and “We’re the Millers,” as well as TV shows “revolution,” “Under the Dome” and “Eastbound & Down”