The North Carolina House of Representatives approved a bill giving among other things a tax incentive to movie stars and directors. The legislation passed 80 to 28, allows the salaries of star actors and directors to count toward the amount they can write off their state taxes. Currently, the cap on each individual is $1 Million. The movie production tax incentive is part of a large tax break legislation that is on its way to the Senate. According to reports, the legislation could cost as much as $300 Million in uncollected taxes over the next five years.
Charlotte Observer, Bill to lure NC biz with tax breaks gets House OK