But it's a plan that hasn't even been released yet that could have the most impact on the debate.
"The film industry has been good to us and we should support them," he said.
Rabon, who co-chairs the powerful
It's important to note that although several film incentives proposals have been floated, the heavy negotiating has yet to begin. The
Before the budget can be considered on the
The budget will then go to the House, where a similar process will be followed.
Where the two chambers disagree on matters, a conference committee will be named to include
McCrory's film plan
From those who watch the industry closely, McCrory's plan for film incentives moving forward raised more questions than provided answers.
Still, several supporters of the film credits said they were glad to see that he at least addressed the issue as some members of the
"I think the main thing I'm thankful for is he did include it in his budget," said state Rep.
Said state Commerce Secretary
A plan of its own
Others seemed to find consensus in the fact that McCrory's plan is creative, at the very least.
"It's different than anything I know of that's currently operating in
The current film incentives package that expires at year's end allows production companies to claim 25 percent of their qualifying expenses up to
The governor's proposal replaces that 25 percent rebate with several separate credits and tax exemptions for expenses. It would reimburse state corporate sales and gas taxes, credit 5.3 percent of wage expenses and credit 4 percent of payments for services from out-of-state businesses and 5 percent from in-state businesses. It also would cap payout at
Further, counties also would have the option to reimburse their local sales taxes to the production companies, and companies that build production or post-production facilities such as sound stages would be eligible for tax breaks.
The proposal also narrows the types of qualifying productions, dropping sporting events and talk shows, for instance.
"The governor certainly deserves an A for originality and obviously his team spent quite a bit of time on this effort," said alliance spokeswoman
But is that a good thing?
"The devil will be in the details," Feinberg said, adding that at first blush it appears he may have missed the mark on his stated goal of building the industry and increasing film-making investment in the state.
Others decried McCrory's plan as too complicated.
"A flat rate of 25 percent seems so logical, and it works. Why make it more difficult to figure out the tax rebate?" he said. "I like the saying, 'If it ain't broke, don't fix it.' Nothing is fixed with this version of the incentive. It's only more complex, less competitive with other states, and will scare away or severely limit qualifying productions."
"(The structure of the incentive) is something our clients look at whenever they are making their initial analysis. The more simplistic the analysis, the easier it is to determine where to go do business," he said. "If it is too complicated, they will go to the path of least resistance."
"His budget is a political move to claim that he saved the industry," O'Rourke said. "Unfortunately, the changes he has put in the budget are going to make productions go somewhere else."
Metro desk: 343-2384
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