ANNOUNCEMENT 24 Dec 2014
In December 2014, a US state government announced a targeted tax change; the next year it repealed this subsidy.
NUMBER OF INTERVENTIONS
The governor of Michigan signed into law on December 24, 2014 a bill (SB1103) renewing and amending a film-production subsidy program that was originally scheduled to expire in 2017. The original subsidy law, which operates via tax credits, had been enacted in 2008. The law makes the subsidies contingent upon the hiring of local persons.
On July 10, 2015 the governor of Michigan signed into law a bill (House Bil 4122) that allows the Michigan Film Office to continue operating, but prohibits it from offering cash rebates for companies that produce movies in the state. The bill prohibits the film office and the Michigan Strategic Fund from providing funding under a new agreement or increasing funding under an existing agreement for film production expenditures. The bill also requires all money remaining for the cash rebate program revert back to the state’s General Fund once all payments from existing agreements are made.