Wash. goes back to the future on film incentives
Friday, March 30, 2012
OLYMPIA, Wash. (AP) -- Washington state is going back to the future, reviving its tax incentive program for movie production.
Gov. Chris Gregoire signed the program back into law on Thursday night, with state leaders hoping that it will draw film producers to work here. Washington's incentive program expired last year amid the state budget debate. The program gives away some $3.5 million per year.
Supporters say the plan will bring business and spending to the state. Oregon and British Columbia have competitive incentives, so supporters believe film producers who would otherwise work in Washington are going elsewhere.
The program offers a 30 percent rebate off the amount of money spent in the state.