Follow us on

Wednesday, May 22, 2013 | 1:33 p.m.

Posted: 4:21 p.m. Friday, March 22, 2013

W.Va. House votes to cut film tax credit by half

By The Associated Press

CHARLESTON, W.Va. —

Filming on location in West Virginia might bring in fewer tax credits under legislation advancing this session.

 

The House of Delegates passed a bill Friday that would cut the maximum credits offered by the Film Industry Investment Act from $10 million to $5 million.

 

The House Judiciary Committee amended the bill earlier to reduce the credit's value from 27 percent to 21 percent. But it still offers film productions an extra 4 percent if they hire locals.

 

Gov. Earl Ray Tomblin proposed the measure. Revenue officials say film productions have never claimed more than $2 million in credits in any one year.

 

The West Virginia Film Office has approved $7.6 million in credits to date. While approving several productions, it recently denied credits to the MTV reality show "Buckwild."

More News

 
 
 

© 2013 Sinclair Broadcast Group. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad ChoicesAdChoices.