Incentives for movie makers moving through House

April 17, 2007

The House votes today whether to send to the governor a bill with tax incentives for film productions.

House Bill 1388 would give companies a tax credit equal to 15 percent of production costs for most film, music and commercials produced in the state if their budgets exceed certain thresholds.

Fiscal analysts predict the measure could mean $11 million to $17 million in credits being awarded annually for production already taking place in state, and more for any new business lured to Indiana.

A slew of backers for film projects that could shoot in Indiana will hold a press conference in the Statehouse today at 1 p.m. to show support.

Then in a vote scheduled this afternoon, the House is expected to approve changes the Senate made to the bill, sending it to Daniels for review.

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