Michigan Forging Ahead on Tax Breaks for Games, Movies
By Shawn on Friday, March 14th, 2008 at 9:09 AM PST In Game Companies, Gamer Life, Games Industry
Once an opponent of video games, Gov. Jennifer Granholm is now pushing legislation that will provide tax incentives encouraging film and video game production in Michigan. The proposal would grant the industry 40% state tax credit or rebate on production costs for movies, TV shows, miniseries, documentaries, video games and Internet programs.
“We have an opportunity to do something that will provide an immediate stimulus to our ailing economy,” said House Commerce Chairman Andy Meisner.
The bill has passed the House and only the rebate segment is awaiting approval by the Senate. The incentive would be the most enticing in the nation.
This could open up some great possibilities for the industry. If you want to get into the games industry, you pretty much have to be willing to move to Texas or California. Having studios in the Midwest would be a boon for some of us.via WILX
That smart ass son of a bitch Gov. First they raise the tax rate of the games so they get money, but then they reduce taxes on the makers so they can make more games and then inturn the government will make more money. They are not stupid in their thinking and I hate them for that.
~Death Dream~
Eh, we need east coast devs…..