Introduced
by
To cap at $50 million annually the <a href="http://www.michiganvotes.org/2008-HB-5841">film production subsidies</a> passed in 2008. The bill would also lower the value of the refundable credits to 35 percent of the production costs (vs. 40 or 42 percent), require 90 percent of the employees to be Michigan residents, and require monthly internet posting reporting detailed information on each production granted a subsidy. (Under <a href="http://www.legislature.mi.gov/(S(hlmrawfanrd5laipumvsh2vd))/mileg.aspx?page=getObject&objectname=mcl-208-1455">current law</a> an annual report must provide “the number and names of qualified productions begun or completed, the locations, the amount spent to produce each qualified production, and a breakdown of all production spending by all companies classified as goods, services, or salaries and wages.” The report actually filed by the state film office for 2008 can be read <a href="http://www.michigan.gov/documents/filmoffice/MFO_2008_Annual_Report_269261_7.pdf">here</a> (pdf).
Referred to the Committee on Finance
