CT Voices for Children urge lawmakers to end film tax credit

Back • Publication Date: March 20, 2024 • Fiscal & Economics

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Connecticut’s tax credits for the film industry could soon be on the cutting room floor. On Wednesday, groups like CT Voices for Children told state lawmakers that the money should go to parents instead, in the form of a new child tax credit.
Connecticut gave filmmakers $112 million in tax credits last year.
But the film industry says the industry is growing fast and now is not the time to backtrack.
“Connecticut lost in net state revenue an average of more than 60 million a year, and a total of nearly 900 million from 2007 to 2023,” said Patrick O’Brien from CT Voices for Children.
“We started off making very low-budget movies, like $500,000. Now they’re up to $2.5 million to $5 million movies — all spent in Connecticut,” said Andrew Gernhard from the Synthetic Cinema International.
The Oscar-nominated film “Maestro” — starring Bradley Cooper — was filmed in Fairfield in 2022.
ESPN and NBC Sports are also based in Connecticut.
Authors: News 12 Staff •  Source: News 12 Connecticut • View