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Film, historic tax credits draw intense testimony as lawmakers weigh sunsets
Summary
Film and historic rehabilitation tax credits drew large public turnout; film industry leaders and local officials warned that sunsetting or abrupt changes would threaten jobs, private investment and projects in the pipeline, while some legislators pressed for fiscal and equity scrutiny.
Hundreds of industry supporters and local officials filled the committee hearing to press the Senate to preserve or phase carefully the state’s motion picture and historic rehabilitation tax credits. Film‑industry witnesses said the motion picture credit supports roughly 10,000 jobs and about $1 billion in annual economic activity, pointing to audit and economic‑impact studies that they say indicate high…
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