University of Vermont

Vermont Legislative Research Shop

Tax Incentives for the Film Industry

The promotion of the film industry in the state of Vermont offers many possibilities, positive and negative. In order to promote this industry, many other states (Oklahoma, Arizona, North Carolina, Florida, Louisiana, Wyoming, South Carolina, Iowa, Ut ah, Texas, New York and New Mexico) have chosen to offer tax incentives to the industry. In many of these states, the benefits have been immense, as demonstrated by the figures provided by Utah, Texas, Oklahoma, and Iowa..

The following is a listing of some of the incentives offered by other states, followed by a listing of some of the benefits that the states who have offered these incentives have felt.

Index

State Tax Incentives

Florida………………………………………...1

New Mexico…………………………………..3

Louisiana……………………………………...5

South Carolina………………………………...7

Wyoming……………………………………...7

Arizona………………………………………..8

North Carolina………………………………..10

Texas ………………………………………....11

State Benefits from Tax Incentives

Iowa…………………………………………..13