New Report Slams State Film Tax Credits
A new report says tax credits for the film industry are costly and fail to live up to their promises.
The nonpartisan Washington-based group The Tax Foundation does not mention Massachusetts in its report, but Nick Paleologis of the Massachusetts Film Office said the Bay State's 25-percent film tax credit is sustainable.
"While 44 states may be trying to compete with film tax credits, when all is said and done, there's probably only going to be less than dozen that are left standing at the end of the day," he said, "and I think Massachusetts will be one of them."
The report also calls film tax credits "short-sighted" and unlikely to generate jobs or wealth in the long run.
This program aired on January 15, 2010. The audio for this program is not available.