EYEWITNESS LOCAL NEWSFILM TAX CREDIT
from Eyewitness News Online
WV House Votes To Cut Film Tax Credit By Half
Reported by: Associated Press
Web Producer: Heath Harrison
Reported: Mar. 22, 2013 4:12 PM EDT
Charleston , Kanawha County , West Virginia
Filming on location in West Virginia might bring in fewer tax credits under legislation advancing this session.
The House of Delegates passed a bill Friday that would cut the maximum credits offered by the Film Industry Investment Act from $10 million to $5 million.
The House Judiciary Committee amended the bill earlier to reduce the credit's value from 27 percent to 21 percent. But it still offers film productions an extra 4 percent if they hire locals.
Gov. Earl Ray Tomblin proposed the measure. Revenue officials say film productions have never claimed more than $2 million in credits in any one year.
The West Virginia Film Office has approved $7.6 million in credits to date. While approving several productions, it recently denied credits to the MTV reality show "Buckwild."
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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