George Norfleet, director of the Connecticut Office of Film, Television and Digital Media, talks about the elimination of tax credits for companies that film movies in Connecticut. Tax credits will still remain for television production and digital media companies.
Below is a story about the elimination of the tax credits by Wes Duplantier of the Hartford Courant. Read more at courant.com.
HARTFORD – State lawmakers recently voted to hit the pause button on tax credits for the movie industry, but a quirk in the legislation could allow one company to get its cameras rolling with taxpayers’ support
The nearly 6-year-old tax credit program, meant to create a thriving entertainment industry in Connecticut, will continue granting breaks to television and digital productions, two sectors that got most of the credits last year. The pause on some film tax credits starts July 1, the start of the state’s fiscal year, meaning there will be no tax credits for motion pictures registered after that date.