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Results found for "25% tax credit"


A bipartisan group of state representatives filed House Bill 751, resurrecting a 25 percent tax credit program.
Published: Friday, May 17th, 2019 @ 5:10 pm By: Carolina Journal
A bipartisan group of state representatives filed House Bill 751, resurrecting a 25 percent tax credit program.
 
The State of North Carolina, at last count, confiscated $84.2 million from taxpayers in the state (individuals and businesses) and gave it to movie production companies to entice them to make their movies in North Carolina, rather than Hollywood or somewhere else.
The State of North Carolina, at last count, confiscated $84.2 million from taxpayers in the state (individuals and businesses) and gave it to movie production companies to entice them to make their movies in North Carolina, rather than Hollywood or somewhere else.
 
At an early March meeting in Charlotte of the N.C. Governor's Conference on Tourism, state Commerce Secretary Sharon Decker admitted that a 25-percent refundable tax credit for the film industry, scheduled to expire in January, may be in trouble.
At an early March meeting in Charlotte of the N.C. Governor's Conference on Tourism, state Commerce Secretary Sharon Decker admitted that a 25-percent refundable tax credit for the film industry, scheduled to expire in January, may be in trouble.
 

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