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Department and industry clash over bill to require periodic review of tax credits; film industry warns of job loss
Summary
The Senate committee heard competing testimony over a proposal to require periodic review or automatic sunset of new or renewed tax credits, with DBEDT warning a blanket approach could deter film productions and industry witnesses saying the credits sustain local jobs.
A bill to require periodic review or sunset language for tax credits generated broad testimony from the Department of Business, Economic Development and Tourism and the state’s film industry.
Georgia Skinner of DBEDT said the department submitted written comments expressing concern a blanket sunset-review approach would send the wrong message to the film industry, which the agency described as a ‘‘bright spot’’ for jobs and local business. She said timing a repeal or sunset…
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