Homepage > Project Economy

Out-Of-State Workers Earn Most From Movies Made In Mass.

Team 5 Investigates Obtains New State Report About Film Tax Credits

POSTED: 4:32 pm EDT July 3, 2009
UPDATED: 7:45 am EDT July 4, 2009

Comments
Bookmark and Share
A new state report confirms what celebrity gawkers already know --- more movies are being made in Massachusetts.

However, the report says Massachusetts taxpayers are not getting their money's worth from an incentive program to boost filmmaking in the state.

Massachusetts is getting only 16 cents for every dollar it gives up in incentives and much of the benefits from the program go to out-of-state companies and workers.

However, lawmakers say it's proof that a 25-percent tax credit designed to lure studios is working. Production spending rose dramatically to $452 million in 2008 from just $72 million in 2006.

In 2008, wages accounted for $289 million with nearly half of paid to actors earning more than $1 million per production.

More promising -- personal income in the state last year also rose by $64.7 million "as a result of the new economic activity resulting from Massachusetts productions."

But as Team 5 Investigates reported last year, some critics say the tax credits offer an expensive boost for an industry that provides only temporary jobs to people, many of whom live out of state and spend their income elsewhere.

The report confirmed that 82 percent of the wages paid last year went to out-of-state residents, which includes most of the high-paid actors.

Links We Like

Find out what a sputtering economy and an increasingly difficult to crack job market means to you. More

If your credit is shabby, you'll need to shore up your score to convince a lender you're worthy. Here's how to boost your point total. More

Acupuncture, massage, or other complementary therapies could manage your type-2 diabetes. Find out whether they can help you. More

Featured On 5