RALEIGH, NC (AP) — North Carolina’s film incentives may finally become a permanent fixture in the state’s economic development pitch to television and movie producers. Or it could get written out of the script.
The state’s refund on expenses by production companies that film in the state is set to expire this year. The legislature must decide when it returns in May whether to extend the tax break, rewrite it or eliminate it.
Film boosters have organized to work to keep the credit. They say it generates thousands of jobs and local spending. Critics of the credit point out companies get refunds even beyond what they pay in taxes and say the jobs are temporary.
The refunds totaled $77 million in 2012. Nearly $34 million went to “The Hunger Games” and “Iron Man 3.”
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)