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Friday, March 28, 2014

$$ - from the public tax coffers to Kevin Spacey and Reed Hastings, via Netflix

Spacey Urges House of Cards Tax Break With Real Lawmakers - Bloomberg: "Almost every state provides tax breaks and other incentives to attract movie and TV production companies, which bring in money that trickles down to set designers, caterers and extras. In Maryland, the pending bill would boost funds available for the tax credit to $18.5 million from $7.5 million for the budget year that starts July 2014.

“House of Cards” is the biggest beneficiary of the credit, according to state data, and stands to receive the largest share of the additional $11 million. The state Senate has approved the increase; the measure will be the focus of a state House of Delegates committee hearing on April 2.

The credit would defray some of the $175 million that the show has spent or plans to spend in the state after filming three seasons of the program, according to the Maryland Department of Business and Economic Development."



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