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Why Minnesota Lawmakers Funded a New Film Tax Credit
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Why Minnesota Lawmakers Funded a Film Tax Credit | Twin Cities Business
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Commentary: The reviews are in, and film incentives are still wrong for Michigan
Michael Thom
Print
Michael Thom is an associate professor at the University of Southern California’s Price School of Public Policy and adjunct scholar with the Mackinac Center for Public Policy.
Some legislators want to resuscitate Michigan s defunct tax subsidies for film and television production a program that once spent half a billion taxpayer dollars. That would be a colossal mistake.
I should know. I ve analyzed those incentives more than most. My first nationwide study examined whether they increased wages, employment, and economic outcomes. The verdict? Not by a long shot. I found temporary wage gains and few jobs were the best a state could hope for. I also found that the incentives did not increase the size of a state s economy or attract a larger share of the entertainment industry.