From Deseret News archives:
Everybody's business
Utah Legislature to tackle variety of issues that affect state's economy, consumers
Shooting for shoots
Another piece of legislation that could springboard from an earlier success is a bill that would create a $3 million annual fund to help TV series and movies and motion pictures shoot in Utah. Supporters of the state's film industry believe a $1 million test program was successful enough to warrant a larger, permanent fund.
A demonstration program, in which several projects received tax rebates based on the amount of money they spent in Utah, is expected to yield a $4.50 return for each state dollar spent. However, no TV series or major movie production company capitalized on the incentives. To make sure that doesn't happen, the new measure calls for $2 million annually to be available for TV series and made-for-TV movies shot in-state. Motion pictures both features and independent films would get a $1 million annual pool.
Incentives would be higher for companies using local labor and shooting in rural parts of the state.
The Workforce Services and Community and Economic Development Interim Committee endorsed the bill.
Comments
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