S.C. fights with
N.C., Georgia over tax breaks for filmmakers
Associated
Press
COLUMBIA, S.C. - South Carolina appears to
have won the battle with its neighbors to provide the most tax
breaks to filmmakers.
The House on Thursday approved a bill bumping the rebate on wages
the state offers to 20 percent, less than two weeks after lawmakers
in North Carolina and Georgia introduced bills giving tax breaks
that equaled or exceeded what South Carolina's General Assembly had
originally considered.
If the bill hadn't been changed, a potential $45 million movie
and $48 million TV series could have gone elsewhere, said Rep. Bobby
Harrell, R-Charleston, who co-sponsored the legislation.
"The goal is to take advantage of the opportunity to get
wonderful publicity for our state," Harrell said.
The current version of the legislation offers a 20 percent rebate
on wage taxes and 15 percent rebate on sales taxes.
Harrell thinks the latest bill will end the competition between
the three states. "We probably won't go any higher," he said.
Tommy Melton, publisher of a Charleston-based film-industry
publication, said the changes make South Carolina very
attractive.
"Before these increases, we competed with every other Southern
state," he said. "The money was so much better (in other locations)
that the money talked. But now we are on a level playing field."
The state's proposed incentives still would be lower than those
in Louisiana, Nevada and New Mexico. But Film Commissioner Jeff
Monks said that combined with the state's natural assets, South
Carolina would be one of the most attractive packages available.
"It will help make us competitive in this industry," Monks said.
"It will certainly provide a real shot in the arm for the personnel
and suppliers working in the state."
State officials acknowledge that neighboring states could easily
boost their incentives as well.
"It's a game we've been playing for years and we'll continue to
keep playing," Monks said.
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