FILM TAX CREDIT WV House Votes To Cut Film Tax Credit By Half
Reported by: Associated Press
Web Producer: Heath Harrison
Reported: Mar. 22, 2013 4:12 PM EDT
Eyewitness News Photo
Charleston
, Kanawha County
, West Virginia
Filming on location in West Virginia might bring in fewer tax credits under legislation advancing this session.
The House of Delegates passed a bill Friday that would cut the maximum credits offered by the Film Industry Investment Act from $10 million to $5 million.
The House Judiciary Committee amended the bill earlier to reduce the credit's value from 27 percent to 21 percent. But it still offers film productions an extra 4 percent if they hire locals.
Gov. Earl Ray Tomblin proposed the measure. Revenue officials say film productions have never claimed more than $2 million in credits in any one year.
The West Virginia Film Office has approved $7.6 million in credits to date. While approving several productions, it recently denied credits to the MTV reality show "Buckwild."
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Associated Press
