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North Carolina Film Industry Worries About Jobs Without Tax Credits

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Industry leaders warn anything short of a one-year extension on tax credits for movie and TV production expenses will result in jobs lost for the state. (TIZIANA FABI/AFP/Getty Images)

Industry leaders warn anything short of a one-year extension on tax credits for movie and TV production expenses will result in jobs lost for the state. (TIZIANA FABI/AFP/Getty Images)

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RALEIGH, N.C. (AP) — North Carolina House members and film industry leaders argue anything short of a one-year extension on current tax credits for movie and TV production expenses will mean lost jobs in the state.

Wilmington-area lawmakers and film executives held a Legislative Building news conference Wednesday to push for retaining the current incentives program through 2015 while the General Assembly studies the credits more closely.

The current tax credit is set to expire at year’s end.

Bill Vassar with EUE/Screen Gems Studios in Wilmington says without incentives, video productions will go to other states, much like they did in recent years when Canada sweetened the pot for filmmakers. They cite a study showing the industry generates 4,000 jobs in the state.

Film incentives are part of the ongoing budget negotiations.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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