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More Movies To Shoot as Incentives Bill Signed(November 25, 2005)
The new law will take effect in 90 days but will be retroactive to January 1, 2006. It's principal elements include a 20% tax credit on all Massachusetts source payroll, a 25% tax credit on qualified production expense in Massachusetts, and a sales tax credit for producers who spend a minimum aggregate of $250,000 per year in the commonwealth. The law is in place through the year 2013.
Senator Jim Timilty, key sponsor with Senator Cynthia Creem of the bill in the Senate, remarked, "It's very gratifying to sponsor legislation that actually creates jobs. It's been my platform, and now it's being realized due in large measure to the determination of the production community represented by the MPC." Representative Tom O'Brien, chief sponsor of the bill in the House, reflected "Since actors Marianne and Chris Cooper brought the need for our state to be more competitive in attracting this industry back to Massachusetts to my attention, I have worked closely with Speaker Sal DiMasi, Speaker Pro-Tem Tom Petrolati and the MPC to put our state back on the map. These efforts will return millions of dollars of lost revenue to our state economy, revenue that otherwise would have been lost to other states or other countries." And Vans Stevenson, Executive Vice President for Industry Affairs for the Motion Picture Association of America (MPAA), specifically thanked motion picture and television director and MPC Legislative Committee member Sam Weisman for his "perspective and intelligence in advocating for the final passage of the bill." Weisman, who resides in Newton, MA, has directed George of the Jungle and the TV series Seventh Heaven.
The MPC now sees a great deal of work ahead, most significantly on the creation of a state sanctioned film office under the Executive Office of Economic Development. "During our efforts to get the legislation passed in the past year, the MPC brought together many important industry stakeholders from both inside and outside of the state, from Massachusetts based film and video companies to Hollywood studios," remarked Joe Maiella, MPC President. "In addition, our coalition represents the interests of the entire production community. For these reasons, the MPC is in a unique position to provide the state valuable assistance in the creation of a vibrant and effective film office." Chris O'Donnell, IATSE Local 481 business manager and MPC Legislative Committee Chairman adds, "This new law is going to open the floodgates for production in Massachusetts, and we have to become very effective in channeling this new business into our community. The MPC's sole agenda is to facilitate production in the commonwealth - and we look forward to working with the Office of Economic Development to make this the mission of the new film office as well."
The Massachusetts Production Coalition (www.massprodcoalition.com) is an alliance of many of the area's leading production professionals and related groups that are actively engaged in making media in Massachusetts - from independent documentary production to feature films, commercial production and new media. The volunteer-driven coalition's mission is to help maintain, promote, increase and expedite the development, creation and production of film, video and new media content in the city of Boston and the state of Massachusetts.
Related Keywords:film production, motion picture industry
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