More Movies Could Soon be Filmed in Wa As Inslee Oks Film Incentives Passed by Legislature
(theolympian.com)
Legislation to incentivize more movie production in Washington state was signed into law last week, increasing tax breaks for those looking to film in the state from $3.5 million to $15 million annually. The Motion Picture Competitiveness Program is run by a non-profit organization called Washington Filmworks whose “mission is to create economic development opportunities by building and enhancing the competitiveness, profile and sustainability of Washington State’s film industry.” Gov. Jay Inslee signed the bill into law March 31.
In addition to the business and operating taxes that Washington Filmworks can now award, it also increases B&O tax credit limits for individuals to $1 million annually, up from $750,000 per year. Provisions in the bill aim to draw more film production to rural areas by committing 20 percent of funding to prospective filmmakers who wish to make movies in those places. Another 20 percent will be set aside for films about marginalized communities.
By: Shauna Sowersby
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