As Hollywood productions pick up again, film tax credit bills could bring filmmakers to MN
(wdio.com)
Hollywood pulled through a year unlike any other as the pandemic closed theaters, delayed major releases and shut down productions all together.
Now that Hollywood productions are picking up again, two bills before the House and Senate could bring filmmakers to Minnesota.
The bills are called HF-1975 and SF-1986. They encourage film makers to come to Minnesota by offering them a transferable tax credit of up to 25% on in-state purchases for production.
Riki McManus, Chief Production Officer for the Upper Midwest Film Office, believes a production incentive program like this is priceless for an economy recovering from the pandemic.
“It is creating jobs and it is leaving money behind,” McManus said.
McManus pointed to places it has worked—including St. Louis County, where a similar incentive program was passed earlier this year and is already yielding results.
By: Emily Ness
