Supporters say film industry tax incentive shouldn't have expira - WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC

Supporters say film industry tax incentive shouldn't have expiration date

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The state's film industry tax incentive has a sunset date of January 1st, 2015. City and state officials say not if they can help it.

Strengthening the North Carolina film industry is one of the legislative agendas Charlotte City Council members discussed with the delegation that represents Mecklenburg County in the General Assembly.

Charlotte city officials want the sunset date eliminated on the film production tax credits.

"Having the film industry  tax incentive package is a real boon to the film industry", says Council Member John Autry. "It brings production to North Carolina".

Council Member Autry says films like the "Hunger Games", and other television shows such as "Homeland" and the new series "Banshee" wouldn't be in the state right now "providing employment for lots of people, for weeks at a time" if not for the tax package.

Autry says "we're providing a .25 cent rebate to money spent in North Carolina with North Carolina companies, and North Carolina crews - capping at $20 million. That's good for business".

According to officials, for the first year the incentives were in effect in 2011, the NC film Office reported that production companies spent over $220 million in the State. They say of the credits in 2011 were $30.3 million.

The NC Film Office estimates direct in-state spending from film productions was expected to exceed $300 million in 2012.

Autry says the "tax package for the film production is set to sunset on January 1st, 2015. We would like to have that removed and make it a permanent fixture".

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