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Archive for Thursday, October 6, 2011

Kansas Film Commission official seeks more tax breaks for filmmakers

October 6, 2011

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— The Kansas Film Commission's manager says rules for an income tax credit need to be rewritten to lure more film productions to the state.

Peter Jasso says Kansas is losing out on big productions because other states are more generous.

In Kansas, a production company can claim a tax credit equal to 30 percent of its in-state expenditures. Total credits are capped at $2 million a year.

Jasso said for 2011 about $200,000 in credits have been claimed.

He says one issue is that Kansas doesn't give a refund if a company's credit is greater than its taxes. Kansas also doesn't allow a production company to sell its credit to other businesses, as other states do.

Jasso testified Wednesday before the Legislature's Joint Committee on Arts and Cultural Resources.

Comments

ISlurpy 2 years, 6 months ago

I agree. If you want to be a successful private business owner then you should really take the time to look at the tax policy's by the state, instead of trying to make your business work and then complaining about it later when you owe so much money to the state. As tax payers I don't think we should be paying for private business's mistakes; however, if the business is beneficial to the city or state then I don't see a problem because it will ultimately help out the economy.

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Fossick 2 years, 6 months ago

The tax credit ought to be repealed altogether. Why should the taxpayers of Kansas be forced to pay the expenses of private corporations?

If the filmmakers don't like it, you know what? Our borders aren't guarded or anything.

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Vaildini 2 years, 6 months ago

It is a great way to create money for Kansas. It has worked in many other states and now these states are getting a lot of productions. Great idea.

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guess_again 2 years, 6 months ago

We can have our own "Jersey Shore."

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