In 2012 the Alaska state legislature approved and the governor signed into law a bill establishing a Film Production Tax Credit with a total budget of up to $200 million per year.
The Alaska state legislature approved, and on June 15, 2015 the governor signed into law, a bill (SB39) entitled "An Act Repealing the Film Production Tax Credit."
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.