Film Bill Helps Create Jobs
In 2007, the Legislature created the Film, Television, and Video Project Promotion program to encourage the production of films in Iowa. Since that time, 13 film projects have been shot in Iowa. The Iowa House approved Senate File 480 on Wednesday to lure larger films to Iowa and make us more competitive with neighboring states. Click here for a summary of the bill.
According to today’s Des Moines Register, the efforts may be paying off:
Tax breaks help lure California film group
By JASON CLAYWORTH
jclayworth@dmreg.comA movie company from California is considering a move to Des Moines’ Southridge Mall based upon action lawmakers took Wednesday that increases tax breaks for the film industry.
The company plan would involve a production and marketing budget of as much as $300 million, creating as many as 10 family-oriented movies in five years and hiring hundreds of staff members and actors. (more…)
“We made great strides last year expanding our job creation efforts by focusing on targeted industries like advanced manufacturing, information solutions, life sciences and alternative energy. We will continue our focus this year on creating good-paying jobs that help middle class families. Around 500,000 Iowans will also benefit from a lower state tax bill as they fill out their 2007 tax returns in the coming months.” — House Majority Leader Kevin McCarthy.