Alaskan Senator Bill Stoltze has filed a bill to end the state’s film tax credit program.
Stoltze says the state’s budget deficit means Alaska can no longer afford the program, which offers outside production companies incentives to film here.
“Senate Bill 39 repeals the film production tax credit program as passed by the 27th Legislature, but will leave the film production program office in place,” Stoltze wrote in his sponsor statement. “The bill also authorizes the Department of Revenue to review and audit the record for previous recipients of film tax credits and allows the Department of Revenue the ability to recover certain damages.”
A new report from the state film office shows the industry is growing in Alaska with an all time high in 2014. Of the reported 155 jobs related to filming in Alaska, 91 met the residency requirements to be considered Alaskans under the tax credit program, according to the report.
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