It looks like Michigan will continue to offer incentives to lure the film industry to the state.
Gary Heinlein of the Detroit News reports that the state House passed a bill Thursday night 73-37 that would offer tax rebates for TV shows and films produced in the state through September 2021. The Senate had passed a bill in October that would have extended the credits indefinitely.
Because the House bill is different, it must go before the Senate for approval, the News reported.
The tax credits are currently set to expire in 2017.
The bill also lowers the tax rebate to 25 percent. The current rate goes up to 32 percent.
It also would set the tax rebate at 25 percent for in-state production costs, down from a current range that goes as high as 32 percent.
The News writes:
Michigan first made waves in the industry with a 2008 law offering tax subsidies up to 42 percent for in-state productions. That drew Clint Eastwood’s award-winning “Gran Torino,” filmed with Metro Detroit backdrops.
