Everything you always wanted to know about the Massachusetts film tax credit
Our film tax credit law, a bi-partisan initiative, was originally signed by Governor Mitt Romney in 2005 and then significantly upgraded by Governor Deval Patrick in 2007. Though not nearly the most lucrative of credits available to filmmakers at 25% (Connecticut is 30%, Michigan is 40% and Canada is more than 50%), Massachusetts still manages to compete very successfully with those and other locations.
FILM TAX CREDITS DEFENDED AS REVENUE GENERATORS
Joe Maiella, president of the Massachusetts Production Coalition, an unexpected attendee at a State House briefing held by critics of film industry tax breaks, took on the leading opponent, Rep. Steve D’Amico, challenging his facts and offering his version of “what’s true” about film production credits.
MFO SALUTES “SHUTTER ISLAND”
The MFO salutes SHUTTER ISLAND, the sixth Massachusetts-made movie since 2007 to win VARIETY’s box office title as the NUMBER ONE MOVIE IN AMERICA.
Matt Damon in Camelot
Word outta Tinseltown is that the Cambridge homey will star as Robert F. Kennedy in a biopic about the slain senator.
Production designer behind ‘Shutter’
The Dennis Lehane novel on which “Shutter Island” is based takes place in Massachusetts, and the film was shot almost entirely in the Bay State. “We looked at Massachusetts, Connecticut and Rhode Island — searching for incentives so we would get a bang for the buck,” says location manager Robin Citrin. “Massachusetts had good ones, plus a lot of abandoned mental hospitals, some of them with incredible architecture.”
The Scenic Route: Harvard filmmaking flourishes despite industry troubles
This film presence can offer a myriad of options to VES graduates like Horovitz who decide to remain in the area. Upon graduating, Horovitz became the first Teaching Fellow of VES 50: Fundamentals of Filmmaking. But due to the Massachusetts Film Tax Credit luring major studios to shoot in Boston, he also has had the opportunity to work on commercial film. “It’s great,” said Horowitz. “I’ve TA-ed here, and on Fridays I’ll PA [work as a Production Assistant] on a hundred-million-dollar movie.”
‘Shutter Island’ on top
Massachusetts-made SHUTTER ISLAND is the number one movie in America.
Editorial: Tax credit for films should be preserved
The growth of the film industry here ought to prompt a wider discussion about general tax policy. It is the film industry that is in focus right now. But it is actually about every industry. It is the private sector that creates the jobs that produce the tax revenue that is the lifeblood of government. If government keeps raising the price of doing business here, it will ultimately collect less and less.
DeLeo: Film industry tax credit sensible for tough times
It’s nice to spot Leonardo DiCaprio in Nahant or Bruce Willis in Lynn, but Massachusetts House Speaker Robert DeLeo said business is the biggest reason to bring Hollywood to the Bay State. His view is underscored by a recent University of Massachusetts study concluding the state’s efforts to lure Hollywood stars has transformed Massachusetts into one of the nation’s fastest-growing locations for film and television production with a 117 percent growth in motion picture and video production jobs in the state between 2005 and 2008.
MPC rebuts op-ed by Fitzgerald & Enrich
Oddly, Professor Enrich makes no reference to UMass’ recently published, independent, 18 month study on the local economic impact of the MA film industry since 2006. According to that study, nearly 7,000 jobs were created in 2008 alone. Even if you attribute only 75% of those jobs to the credit, the cost-per-job is just $18,000. The professor was correct about one thing, film jobs pay an average annual salary of $68,000. Hardly a “losing bargain.”
Editorial: Film tax credit boosts state economy
Just in the past couple of years, the local area has hosted several movie projects. Scenes from “Bride Wars,” starring Anne Hathaway and Kate Hudson, were filmed in Salem. Parts of “The Proposal,” starring Sandra Bullock, Ryan Reynolds and Betty White, were filmed in Beverly and Manchester. “The Company Men,” starring Ben Affleck, Kevin Costner and Tommy Lee Jones, features scenes shot in Marblehead. Capping the film tax credit isn’t so much about making those in the film industry angry. It’s about a short-term gain that will very likely create a long-term loss.
Editorial: State should keep film industry tax credits in place
This incentive is not just about actors, directors, producers or studio owners who benefit from the program. It’s about local businesses and workers, some in sectors that have been particularly hard hit by the recession, such as construction and transportation. Jobs and private-sector economic activity are what produce the long-term, sustainable tax revenue that the state desperately needs. So while Essex reaped $150,000 as a town from “Grown Ups” using Centennial Grove, it’s more notable that the summer-long film work injected an estimated $1 million or more into the Essex private-sector economy. It would be foolish, not to mention expensive, to drive that activity to other states.
Editorial: Film tax credit boosts state’s economy
A new study from the University of Massachusetts at Boston confirms what local residents have been noticing in recent years: The state is one of the fastest-growing locations for film and television production. So the worst thing government could do is discourage that growth.
Weymouth officials write script for movie tax credit
Local officials fear that Gov. Deval Patrick’s proposal to scale back a tax credit for movie producers to make films in Massachusetts would set back plans for the construction of a $300 million motion picture studio complex at the former South Weymouth Naval Air Station.
Massachusetts movies fill up Rolling Stone’s review section this week
Here’s a Massachusetts movie sweep that’s probably the first of its kind: I picked up this week’s Rolling Stone (the one with a heavily-tattooed Lil Wayne on the cover), and all of the movie reviews inside were of Massachusetts-set films.
Rep. deMacedo opposes plan to cap film tax incentives
“Just two years ago, the governor expanded the movie tax credit,” deMacedo said. “It’s the inconsistency in tax policy that is most frustrating to business. It sends a terrible message to any industry that we offer tax incentives to.” A UMass Boston study released last week confirms that Massachusetts has one of the fastest growing film industries in the nation. The study notes that jobs in the film industry have increased from 536 in 2006 to 1,807 in 2008.
Robert DeLeo: Film tax credit plays role in job growth
Massachusetts House Speaker Robert DeLeo said it may not be the right time to edit the film-industry tax credit. “I’m very concerned that we’re sending mixed signals to businesses,” he said. “We are talking about increasing jobs, and here we have a credit that puts our residents to work.” DeLeo said lots of folks would be unemployed if it weren’t for the tax break. ” I will tell you that the film tax credit is a good investment,” he said.
Study cites film gains amid tax-break battle
Massachusetts ranks high among the fastest-growing locations, according to a new study from the University of Massachusetts Boston.
Editorial: Film tax credit boosts state, shouldn’t be subject to cap
A whopping 38 major films have been shot in Massachusetts, compared to 10 in first seven years of the decade. There should be no question about the value of the film industry to Massachusetts. Among the millions of international moviegoers watching Boston-based films are people looking to locate their businesses, plan major conventions, and book vacations. The people of the Bay State are justly proud of their image. The film credit conveys that image to the world. It gives Boston, in particular, the world-class status it needs and deserves. The film credit has been a success and deserves to continue without a cap. It is plainly worth the money.
Hollywood Gives Its Heart to Massachusetts
Some lucky youth from The Boys & Girls Clubs of Dorchester and Alternative Learning Program of Harwich High School, will be participating in the movie-making experience with Hollywood HEART, a Los Angeles, CA-based nonprofit organization that serves at-risk youth. The Dorchester Movie Team project will run February 16-19, 2010 at the Paul R. McLaughlin Youth Center and the Cape Cod Movie Team project will run February 22-26, 2010 at the Cape Cod Cultural Center in South Yarmouth.