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FILM TAX CREDITS Are they worth it? mafilm.org
HOW DO THEY WORK? ,[object Object],PROVIDED THAT…
[object Object],WHAT DOES THIS MEAN?
[object Object],HOW DO WE KNOW THAT?
[object Object],HERE IS WHAT THAT REPORT SAID…
2006 to 2009 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cost/Benefit (in $ millions)
THE “RIPPLE EFFECT” ,[object Object],[object Object]
[object Object]
AND WHO EXACTLY IS BUYING THESE CREDITS? ,[object Object],[object Object],[object Object]
UMASS STUDY* ,[object Object],[object Object],[object Object],*Source: Umass Feb 2010 report on MA film industry (Page 3).
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
In the credit’s first 3 years… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Not just actors, but also: ,[object Object]
*SOURCE: US BUREAU OF LABOR STATISTICS (2006 to 2008) Overall Job Growth in MA*
Film-Related Job Growth in MA*  *SOURCE: Mass Dept of Revenue Report on Film Tax Credits – July 2009 (page 17)
[object Object]
PERFECT STORM
MYSTIC RIVER
THE DEPARTED
[object Object]
GONE BABY GONE
GAME PLAN
21
BEFORE  THE CREDIT: ,[object Object],[object Object],[object Object],[object Object]
AFTER  THE CREDIT: ,[object Object],[object Object],[object Object],[object Object],[object Object]
That billion dollars has also helped cities, towns, across the state:  Andover, Burlington, Gloucester, Haverhill, Hull, Lawrence, Lenox, Lowell, Medfield, Plymouth, Rockport, Salem, Taunton, Woburn, and Worcester —just to name a few.
EXAMPLES FROM 2009 : The film “Grown Ups” paid $150,000 to the Town of Essex, plus an additional $100,000 to renovate a town-owned cottage--which helped local taxpayers avoid a prop 2 ½ override. The producers of “Zookeeper” paid $350,000 to the Franklin Park Zoo for the time they spent shooting there--which helped ease the sting of state budget cutbacks that year.
STILL, SOME MYTHS PERSIST.
TRUE OR FALSE? ,[object Object],[object Object]
FALSE ,[object Object],[object Object]
TRUE OR FALSE? ,[object Object],[object Object],[object Object]
FALSE ,[object Object],[object Object],*Source: Mass Dept of Revenue Report, July 2009 (Pages 13 & 17).
TRUE OR FALSE? ,[object Object],[object Object]
64% of Bay Staters think  film tax credits are good for the economy . --Channel7/Suffolk University Poll   September 27, 2009   FALSE
MASSACHUSETTS NOW IN “TOP TEN”  IN US FOR FILM PRODUCTION* ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Mass Film Office (Ppt) Feb 22 2010

  • 1. FILM TAX CREDITS Are they worth it? mafilm.org
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. Cost/Benefit (in $ millions)
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17. *SOURCE: US BUREAU OF LABOR STATISTICS (2006 to 2008) Overall Job Growth in MA*
  • 18. Film-Related Job Growth in MA* *SOURCE: Mass Dept of Revenue Report on Film Tax Credits – July 2009 (page 17)
  • 19.
  • 23.
  • 26. 21
  • 27.
  • 28.
  • 29. That billion dollars has also helped cities, towns, across the state: Andover, Burlington, Gloucester, Haverhill, Hull, Lawrence, Lenox, Lowell, Medfield, Plymouth, Rockport, Salem, Taunton, Woburn, and Worcester —just to name a few.
  • 30. EXAMPLES FROM 2009 : The film “Grown Ups” paid $150,000 to the Town of Essex, plus an additional $100,000 to renovate a town-owned cottage--which helped local taxpayers avoid a prop 2 ½ override. The producers of “Zookeeper” paid $350,000 to the Franklin Park Zoo for the time they spent shooting there--which helped ease the sting of state budget cutbacks that year.
  • 31. STILL, SOME MYTHS PERSIST.
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.
  • 37. 64% of Bay Staters think film tax credits are good for the economy . --Channel7/Suffolk University Poll September 27, 2009 FALSE
  • 38.