An article came out today from the Associated Press about the NC Film Incentives, the pros and cons according to legislators. They also talked about the HIGHLY anticipated Impact Study that was conducted at the end of last year. If you are like me, you have been EAGERLY waiting for this. The good news is that it is done, and already some Wilmington folks have already been briefed on its findings. It will be released to the public sometime this month.
“Rep. Susi Hamilton, D-New Hanover, who wants a permanent tax credit, said the study, among other matters, determined state and local governments get roughly $1.50 back for every dollar in state incentives given to production companies. ‘Obviously the credit is working and it’s benefiting the state,‘ Hamilton said, ‘so why change it?‘”