WILMINGTON, N.C. -- Just months after a higher tax credit went into effect for film and television production companies that spend money in North Carolina, the push is on to eliminate limits on those incentives.
The StarNews of Wilmington reported Thursday that Gov. Beverly Perdue said Hollywood film executives say the caps mean North Carolina isn't competitive with other states. Perdue said she learned that when she and others met with studio executives earlier this month in Los Angeles.
North Carolina incentives include a $1 million cap per person on the amount a production can get back from wages and a per-project cap of $7.5 million. That's the maximum a company can receive in credits, regardless of how much is spent.
North Carolina's 25 percent film tax credit went into effect Jan. 1.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
No Kidding
so it took her Highness and an entourage in excess of 20 people 3 days in Hollywood to learn this??
So much for prudent use of the public funds. Airfare, meals, hotels for over 20 people is not a small sum. And I am certain they shared rooms to control expenses, right?
This was common knowledge months before she took to the air.
There's a guy on the city of Wilmington's payroll, drawing $120,000 per year, who knew this. His job is to promote film making in Wilmington.
A phone call would have given her Highness this information. Did she even include him as part of her entourage?