Saturday, October 11, 2008

Incentives for Filming Cause Jitters

By Michael Cieply | New York Times | October 12, 2008

LOS ANGELES — Already on the hook for billions to bail out Wall Street, taxpayers are also finding themselves stuck with a growing tab for state programs designed to increase local film production.

One of the most shocking bills has come due in Louisiana, where residents are financing a hefty share of Brad Pitt's next movie — $27,117,737, to be exact, which the producers will receive by cashing or selling off valuable tax credits.

http://www.nytimes.com/2008/10/12/us/12incentives.html?_r=1&scp=1&sq=incentives%20for%20filming&st=cse&oref=slogin

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