Friday, August 28, 2009

'Critical' rebate will help N.C. film industry

A new law, just signed by Gov. Bev Perdue, could go a long way in saving North Carolina's film industry.

Moviemakers will get a 25 percent rebate on many of their production expenses in North Carolina under a bill signed into law by Gov. Beverly Perdue on Thursday[ said the N&O].

The bill, which increases the previous 15 percent rebate, was described as critical to cultivating the state's film industry, which includes a Screen Gems studio in Wilmington. Various states have engaged in a bidding war as they fatten their handouts to Hollywood. Georgia, which recently snatched a Miley Cyrus movie from North Carolina, raised its rebate to 20 percent. ...

Under the rebate, filmmakers total up what they spent on salaries, hotel rooms, renting land and buildings, supplies, food and assorted other expenses. The following year, they submit those totals to the state and get a rebate worth 25 percent.

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