March 27, 2016

2015 Tax Preference Performance Reviews: Motion Picture Program Contributions

Businesses were able to claim a credit against their business and occupation tax equal to the amount of contributions they made to the Washington Motion Picture Competitiveness Program. The program reimbursed motion picture companies for their qualifying expenses in Washington with these contributions and the two types of beneficiaries considered for this study by the Joint Legislative Audit & Review Committee were the businesses producing motion pictures in Washington that benefited from the funding assistance provided by the program. Researchers determined specific outcomes using the REMI model, but were unclear on the program’s desired employment results and fiscal impacts.

Joint Legislative Audit & Review Committee – 2015 Tax Preference Performance Reviews [full PDF]