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ADDRESSING THE VIDEO GAME SHORTAGE CRISIS

May 31, 2006

The Tax Policy Blog notes that North Carolina wants to use its income tax law to cure a critical unmet need in our society:

You’ve all heard of the movie industry receiving special tax provisions and credits from jurisdictions all across the country trying to entice the next movie to be shot in their city or state, but now video game designers are trying to get in on the action. In the North Carolina legislature, the Video Game Producer Tax Credit has been introduced.

That's the great thing about the tax law. It can solve any problem -- even the little-known but obviously dire video game industry crisis in North Carolina. And if it means other taxpayers have to pay a little more, well, they can rest assured that the North Carolina legislature knows best how to spend their money.

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