Hollywood Fever Hits Missouri

Source: Show-Me Institute
by Avery Frank

“Film tax credits can be summarized as state governments paying a portion (usually about 25-40%) of a filmmaker’s costs in order to attract them to do business in the state. In theory, the economic activity generated by the film production will be enough to offset the cost of taxpayer dollars, providing a positive boost to the economy. Missouri film credit advocates have repeatedly claimed that Gone Girl made $7.9 million off a $2.36 investment. But this is simply not the case. The $7.9 million was not profit or revenue for the state, but ‘economic activity’ (salaries, hotel rooms, dining, etc.). But even that figure is exaggerated, as most of the newly created jobs funded out-of-state employees and all in-state workers were part-time (most work as extras).” (11/21/22)

https://showmeinstitute.org/blog/tax-credits/hollywood-fever-hits-missouri/