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Perdue signs film incentive bill

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North Carolina’s film industry just became a little more competitive. Thursday morning, Governor Bev Perdue put pen to paper, signing a bill that will boost the film tax credit from 15 to 25 percent. Companies must spend a minimum of $ 250,000 on production costs in the state to be eligible for the tax credit. The bill also sets minimum spending requirements for qualifying film companies working in the state. Governor Perdue said this legislation is vital to the growth of the state's motion picture industry and will preserve thousands of jobs for North Carolina residents. It goes into effect in January.

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Taxes for the average Citizen

How about giving tax relief to the average citizen Governor Perdue. We have a high gas taxes, what about some relief in that area, instead of giving it to the Hollywood elite film makers.

Re: Taxes for the average citizen

Dear Concerned Citizen, What a narrow-minded comment! This entire area has a lot to gain from this bill. When the "Hollywood Elite" come to shoot here, they spend big bucks. That money that would have otherwise gone into neighboring states pockets if we didn't remain competitive. Try to take a look at the bright side for a change. You don't have to love Purdue, but this is good for Wilmington.

Hollywood Elite

I think concerned Citizen has a valid point. It comes down to what is the best way to benefit the entire area, rather than just the local film industry. I believe any tax money taken from NC residents would be better used to create new jobs throughout the state. That is why the stimulus money has not worked to reduce unemployment-it is being spent on pet projects rather than as intended for new job development.

Taxes for the average Citizen

Dear A smart concerned citezen, Its not a narrow minded comment. People need to open there minds. I'm happy for anyone getting a tax break, even the Hollywood elite, but why not give a tax break to the average citizen in North Carolina. Do something that will help the Average Citizen in North Carolina. Yes the Movie Industry will employee people in the area, and bring in a little revenue, but there are bigger things that worry me right now beside that. That tax break to the Movie Makers is not going to fix the states problems. After all having the movie industry in Wilmington is just about bragging rights, it dose nothing for the majority of the citizens in North Carolina. The Film industry employees just over 2500 people, some not even NC Citizens, and the majority of the money made will leave the state and will not go back into our economy. I'm happy that its going to help a few in North Carolina, but its time for the Governor to do something on a lager scale. Tax cuts could encourage more industry and businesses to come to our state, and help small businesses have more money to spend on extra employees.

The film industry employs a

The film industry employs a lot of local "average citizens." These tax breaks are designed to entice companies to produce films, television shows, and commercials in NC. A prime example is that Miley Cyrus movie they filmed in Savannah. They chose Savannah because NC couldn't beat Georiga's incentive package. That project would have brought millions into the local economy. And most of it would have been for locals, not the Hollywood elite.

They chose Savannah

"because NC couldn't beat Georgia's incentive package". Could you please point me to the interview or press release that said specifically that this was the reason they went to Savannah? I've heard much speculation, but i haven't seen anything in hard proof from the production company. With Detroit offering around 40 percent incentives, will NC match that when Screen Gems blames another lost production on incentives? How long before we give it away for free. Better yet, when will it be that we're actually PAYING THEM to film here. Again, show me the actual production company or correspondence from the UPM or Producers citing incentives as the actual cause. We don't need speculation from individuals working in the local productions, just facts from the decision makers of the Cyrus project.

NC missed Miley Cyrus movie

NC missed Miley Cyrus movie by $125,000 Submitted by WWAY on 9 June 2009 - 12:15pm. READ MORE: News N.C. » e-mail this story | discuss | print RALEIGH -- North Carolina missed its chance to have a Miley Cyrus movie filmed on its coast by a tax credit of at least $125,000. The News & Observer of Raleigh reported Tuesday that producers for the teen sensation's "The Last Song," wanted a tax credit worth between $125,000 and $225,000. Documents released to the newspaper by the state Department of Commerce show that state revenue officials didn't think Walt Disney Pictures should receive the credit. An announcement of the movie deal by Gov. Beverly Perdue was scuttled five minutes before it was scheduled because no deal was reached. If the movie had come to North Carolina instead of going to Georgia's coast, it would have meant up to 500 summer jobs and more than $17 million in revenue. (Copyright 2009 by The Associated Press. All Rights Reserved.)

Incentives - from previous news story and NC Governors Office

North Carolina Governor Bev Perdue had planned to announce during a visit to Wilmington last week that the movie would shoot at Screen Gems Studios' new "Dream Stage," her staff pulled the plug on the media event 15 minutes after the governor was scheduled to arrive. At the time sources told WWAY Disney was not ready to make a public statement. The state later revealed the delay was caused by Georgia, which has a higher tax incentive for film projects than North Carolina, getting into the mix to lure the production.

LOL

Shes too busy counting the cash incentive she got to get this thru to listen.