January 12, 2009
Arkansas Times Discusses Film Tax Credits, Uses Staff Economist Josh Barro’s Testimony before Legislature
By Gerard Matthews
Some don't see it that way. In early December, Josh Barro of the Tax Foundation, a non-partisan think tank based in Washington, D.C., gave a presentation to legislators on Arkansas's tax policy. He said some states like Michigan, a state that offers a 42 percent tax credit, are hurting themselves by offering such lucrative bait for the film industry.
"It's so heavily subsidized in other states that I think it's not a good time for states to try to get involved in trying to attract the film industry," Barro said. "So I would just encourage you to sit back and enjoy the subsidized movies you're watching at the expense of taxpayers in other states."
