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MassBudget Brief: Tax Credits for the Motion Picture Industry

In 2005 and 2007, Massachusetts enacted legislation to create generous tax subsidies for the motion picture industry, estimated to cost approximately $63 million per year in Fiscal Years 2008 and 2009. These tax subsidies are among the more expensive new initiatives approved by the state in recent years. By describing how the tax credits work, what they cost, and what we know about how they have affected the state economy, this MassBudget Brief provides information to help readers examine whether these tax credits are an efficient use of economic development resources.

April 9, 2008 | PDF | Budget Brief