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WHAT A REMARKABLE COINCIDENCE

May 01, 2007

Tax Analysts' state tax guru David Brunori has noticed Iowa's new credit for moviemakers ($link):

I've been deriding tax credits for the movie industry since their inception. People who understand tax policy will tell you those credits are unnecessary, unfair, inefficient, and so forth. They serve no purpose other than to let politicians hobnob with glamorous people. Maybe I'm old school, but I think all movies should be made in Hollywood.

Politicians in Iowa and Indiana disagree. Both states passed tax incentives for filmmakers. Interestingly, the tax incentives are identical in Iowa and Indiana, which makes me wonder if the industry has the same lobbyists working in all states. (emphasis added)

Amazing. Does Senator Dotzler have a twin brother in Indianapolis?

Related: prior Tax Update coverage of film giveaway.

 • Eye on the Legislature: 2007       Bookmark: del.icio.us • Digg • reddit