Film-Office Tax Credits Scandal!

The Los Angeles Times has an interesting article about Iowa’s “alleged abuses of its film tax credit program.”  I don’t know how surprising this is, given that the Iowa film office apparently described their program as “half-priced filmmaking.”

It would be wrong not to note that the LA Times has a horse in this race - there is more than a hint of schadenfreud in this piece - but on the whole, this revisits well-trodden ground.  Jeez, even I wrote about it!

Not to pile on, but there is yet another article on the subject this morning from the New York Times (registration probably required), regarding New Jersey’s film subsidy program, which Republican Governor Chris Christie is looking to gut.  The intense problem of gauging these programs effectiveness is summed up in this one excellent paragraph, written by NYT reporter Michael Cieply:

Studies about the efficacy of film credits, which became widespread in the last eight years, have been maddeningly divergent in their conclusions, depending on methodology, the structure of the credit and, sometimes, who sponsors the report.

I believe we have a BINGO!

When I wrote about Wisconsin’s film subsidy program back in 2009, things were tough for state governments.  By all accounts, things are worse in 2011.  If I were a betting man, I’d wager that film subsidy programs are going to become an even more endangered species in the near future.

What do you think?

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