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Film credits: not everybody is doing it.

January 22, 2009

Sanity strikes Ohio ($link):

As reported in State Tax Notes, Ohio Gov. Ted Strickland (D) vetoed a measure providing tax credits to filmmakers. Ohioans should be proud that their governor didn't succumb to the glamour of Hollywood and agree to that gimmick. You see, the Ohio Department of Revenue did its homework and found that for every dollar in credits, the state would get back 18 cents.

Of course, Iowa has one of the most generous film credit programs, offering up to 50% financing of film projects. It fits in with our Younkers sale approach to public finance: the more you spend, the more you save!

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