Thursday, October 22, 2009

Tax Incentives in Iowa and Michigan

Some states (including Michigan) have been giving specific tax incentives to those involved in the Entertainment industry if they film a movie or TV show in that state. I wrote an article for the Cooley law school newspaper about the Michigan incentive program last year, and only recently ran across this article about the corruption in Iowa. Iowa gives around a %50 tax benefit to those individuals, however Iowa government officials have resigned and been fired and are accused of criminal wrongdoing in regards to the incentive program. Read the article below to get the full story....http://www.hollywoodwiretap.com/?module=news&action=story&id=41580

My only question is when will Michigan start to look more seriously into where and how these incentives are being used, and how long it will be until someone in Michigan takes advantage of the system, much like Iowa has.

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