Proposed amendment attempts to save film incentive
WILMINGTON, NC (WWAY)—Rep. Ted Davis introduced an amendment on the NC House floor that would keep film incentives closer to what they are currently, at least for the next year.
The proposal on the table was a grant based program that would cap incentives at $10 million. Davis’s amendment would raise that cap to $40 million and instead of a grant would be instituted as a tax credit.
Davis was brought to tears on the house floor saying he’s never worked as hard on an issue as he has the one of film incentives.
His amendment would reduce the current film incentive tax credit from 25% to 22.5%.
It would also require a, “Made in North Carolina,” logo be attached to the end of any movie or production using the credit.
Stay with WWAY for more on this developing story.
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