From the Set
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| Above: Good Morning America at 4:00 a.m. Right: Good Morning America just before airtime. |
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Film Incentive News
The Joint Finance Committee voted unanimously to keep tax credits for the film and video game industries in the budget. This version of the program, for the first time, puts Wisconsin workers at an advantage.Currently, there is a residency requirement, but it can easily be avoided if workers are paid through a payroll company. The legislation from the joint finance committee eliminates that loophole and only allows a 20% tax credit for non-resident salary and wages up to $20,000 per employee.
The new legislation only allows tax credits on purchases from Wisconsin vendors. The current rules state that purchases only have to be made in Wisconsin. This language allowed production companies to buy and rent from out of state vendors and still be awarded a tax credit.
The entire program would have a cap of $3 million per year until 2011. After that, individual projects would be capped at $10 million. The new legislation also eliminates the non-refundable credit for sales tax spent in Wisconsin.
The budget still has to pass both houses and be signed by the Governor, who could partially veto items he doesn't like. The Department of Revenue would then rewrite rules based on the new law. The exact details won't be available for a few months.
More information is available on Film Wisconsin's website.
Milwaukee Film
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Can’t you just see yourself wearing one of these Ts on a fine Wisconsin Summer day? There’s only one way to nab one... and that’s by joining the Milwaukee Film Founders’ Club. If you want a great film festival to return to Milwaukee every year, they need your help! Please consider making a donation to join the Club, get your very own limited-edition T-shirt, and have their eternal gratitude!  |
