July 30, 2009

A Report on the Massachusetts Film Industry Tax Incentives

The REMI model simulated the structure of and interrelationships among the various parts of the Massachusetts economy with the purpose of assessing the major benefits of the recently-enacted (2006) film industry tax incentives. The tax incentives provided gradually increasing returns in wages paid, state gross domestic product, personal income, additional direct full-time equivalent jobs, and new economic activity. These tax credits also assist in reducing Massachusetts’ tax collections by at least $112-$117 million by the end of its 10th financial year as law.

MA Dept. of Revenue – Film Tax Incentive [full PDF]