Here comes the competition: SC’s new film incentives

Yesterday, Gov. Nikki Haley signed into law a bill offering more incentives to movies and television shows that want to film in South Carolina.  And the new law makes the incentives permanent.

The previous incentives offered, 15% on all Wages and 15%+ on Supplies.  Now, the law allows film companies to be reimbursed 20 percent on payroll taxes for wages given to out-of-state people and 25 percent for state residents. Productions can also save up to 30% on the taxes spent at local business.  BUT the breaks don’t kick in until a TV show or film spends $1 million.

We still have better incentives here in North Carolina, but SC is now more appealing than before.  Check out the complete article from the Associated Press in the Star News.

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