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MassBudget Brief: Tax Credits for the Motion Picture Industry
Table of Contents
- How Does This Credit Compare to Other Tax Credits?
previous
Table of Contents
- How Does This Credit Compare to Other Tax Credits?
How Does This Credit Compare to Other Tax Credits?
The 25 percent rate is significantly higher than most credits in the state tax code. For example, Massachusetts has an investment tax credit that provides a credit of 3 percent to certain companies that make investments in qualified tangible property. The state also has an Economic Opportunity Area Credit that provides a credit of 5 percent of the cost of property a business invests in within an economic opportunity area.
Complete information on these and all of the other tax credits and deductions provided by the state is available in the state’s Tax Expenditure Budget, at: http://www.mass.gov/bb/h1/fy2009h1/tax2_09/hdefault.htm.
Table of Contents
- How Does This Credit Compare to Other Tax Credits?
