film tax credits

The 18th annual Rhode Island International Film Festival is underway.  The festival kicked off Tuesday night with a series of short films at the Providence Performing Arts center.  It's recognized as a launching pad for up-and-coming directors.  Festival director George Marshall said the Rhode Island provides filmmakers with a less crowded place to showcase work.

"You can get a lot more publicity out of Rhode Island than out of New York or Los Angeles, where you tend to get lost.  What do you want to do?  You want to get picked up," said Marshall.

Of all the tax subsidies states had out, the film tax credits seem among the most frivolous. Sure, politicians love rubbing elbows with Hollywood luminaries, but what about the taxpayers?

Now comes this report from Massachusetts: The Bay State’s film subsidy program cost taxpayers an estimated $44 million in 2011, though it created the equivalent of just about 1,200 full-time jobs.