Report CT should consider eliminating costly film tax credit / Public News Service
A new report found Connecticut might be better off without its film industry tax credit. The Connecticut Voices for Children report showed the film industry tax credit costs the state more than $60 million dollars a year, which means between 2007 and 2023, the state lost around $900 million. Patrick O'Brien, research and policy director at Connecticut Voices for Children and author of the report, said it plays into the state's regressive tax system because it is not targeted to low and middle-income families. ...