The Connecticut Commission on Culture and Tourism requested the Department of Economic and Community Development perform an evaluation of the economic and fiscal impacts of the state’s film tax credit program. The study period was July 1, 2006 through September 30, 2007 during which thirteen productions filed final application seeking the issuance of tax credits from the Commission. Analysts found that within the study period, Connecticut’s film tax credit program stimulated $55.1 million in film production spending that generated $20.72 million in new real gross state product and added 395 full-time equivalent jobs that created $6.58 million in new real disposable personal income through multiplier effects. If the government paid for the tax credit by reducing expenditures, this analysis suggested the state could receive additional revenue from induced economic activity.
Connecticut Department of Economic and Community Development – The Economic and Fiscal Impacts of Connecticut’s Film Tax Credit [full PDF]