Monday, January 5, 2009

Senator seeking cap for movie tax credits

By Larry Ruehlen • GANNETT NEWS SERVICE • January 5, 2009

Michael B. Chait is trying to crack into the movie business, and he doesn’t like his chances if state Sen. Nancy Cassis is successful in capping film industry tax credits to $50 million.

“By the time a lot of Michigan directors, producers and film entrepreneurs would finally be in the position to make their film, it’s more likely than not that the tax credits will have been all used up by Hollywood productions swooping in to make sure they save their money first,” said Chait, an Oakland County director.

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