State film and television tax credits fading

November 28, 2010

Of course you loved seeing all the relatives over the Thanksgiving holiday. But there's only so much family time a person can take, right?

So after the eating and shopping, maybe you slipped out to catch a movie. There certainly was something at multiplexes for everyone this holiday.

We have Tangled for the kiddos, Burlesque for musical fans (and Cher groupies), the chick flick Love and Other Drugs, Faster for action film aficionados and The King's Speech for British history buffs (and Colin Firth fans).

The annual year-end releases are not new. Movie makers know that holidays are a good time to offer diversions other than overeating. More films will be out, at least in limited release, before Dec. 31 so they can be considered for Academy Awards.

But what is different this year is that more states have abandoned tax subsidies for video productions.

Since 2005, states have granted $3.5 billion in incentives to makers of films, television shows and commercials, according to a Tax Foundation calculation for Bloomberg Businessweek.

But with states facing $72 billion in budget deficits, according to the National Conference of State Legislatures, some are concluding that they're not getting back from Hollywood what they're giving in tax benefits.

In addition to running the numbers for the magazine, the Tax Foundation's Tax Policy Blog put together a nifty map showing when the 44 states that offer (or offered) such film and/or TV production tax breaks first enacted them.

FilmTaxCreditsAnimated

No, Louisiana is not the only film-friendly state. It was just the first one to offer tax breaks, way back in 1992. You can get a larger, interactive view of all state film tax relief by year by clicking the image

Related posts:

Want to tell your friends about this blog post? Click the Tweet This or Digg This buttons below or use the Share This icon to spread the word via e-mail, Facebook and other popular applications. Thanks!

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
Some IRS TACs will be open this Saturday, June 27

June 22, 2026

Some IRS Taxpayer Assistance Centers will be open one final Saturday on June 27. The…

Read More
Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments