Comments on: Cost of film tax credits likely stands at $78 million http://iowaindependent.com/20117/cost-of-film-tax-credit-likely-stands-at-78-million Iowa politics, news and commentary Mon, 12 Sep 2011 07:06:20 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Harvey Ross http://iowaindependent.com/20117/cost-of-film-tax-credit-likely-stands-at-78-million/comment-page-1#comment-24557 Harvey Ross Fri, 25 Sep 2009 02:56:06 +0000 http://iowaindependent.com/?p=20117#comment-24557 Somebody needs to do some serious Economic Impact study before throwing numbers around about Costs. How many of these movies would have been made in Iowa without the Tax Credits instead of in Canada, California or North Carolina? How many millions of dollars were spent in Iowa as a result of these Films being made here? Money that gets spent for Extras, Hotel Rooms, Equipment Rentals, Location Rentals (Anyone have Idle Real Estate?) - all adds up in Income Taxes, Sales Taxes, and Property Taxes that can be collected in Iowa when the Resources that are used and Paid here spend money they wouldn't have had. <br>Sure, we get an occasional Ashton Kutcher, Tom Arnold, Elijah Wood, Donna Reed, Ron Livingston, Terry Farrell -- Stars FROM Iowa - but don't we deserve More? And how many great movies do we deserve to let Iowa Shine? After "Bridges of Madison County" "Field of Dreams" "Final Season" and "Sugar"- is that All? <br><br>Show me that Iowa has spent more money on this Tax Credit than the People and Government of Iowa have raked in, and I'll join this crusade against "somebody isn't paying their fair share". Until then, I suspect we have only begun to profit from an Industry that can Grow Money, Talent, and Reputation for Iowa and our Respect for the Arts. Somebody needs to do some serious Economic Impact study before throwing numbers around about Costs. How many of these movies would have been made in Iowa without the Tax Credits instead of in Canada, California or North Carolina? How many millions of dollars were spent in Iowa as a result of these Films being made here? Money that gets spent for Extras, Hotel Rooms, Equipment Rentals, Location Rentals (Anyone have Idle Real Estate?) – all adds up in Income Taxes, Sales Taxes, and Property Taxes that can be collected in Iowa when the Resources that are used and Paid here spend money they wouldn't have had.
Sure, we get an occasional Ashton Kutcher, Tom Arnold, Elijah Wood, Donna Reed, Ron Livingston, Terry Farrell — Stars FROM Iowa – but don't we deserve More? And how many great movies do we deserve to let Iowa Shine? After “Bridges of Madison County” “Field of Dreams” “Final Season” and “Sugar”- is that All?

Show me that Iowa has spent more money on this Tax Credit than the People and Government of Iowa have raked in, and I'll join this crusade against “somebody isn't paying their fair share”. Until then, I suspect we have only begun to profit from an Industry that can Grow Money, Talent, and Reputation for Iowa and our Respect for the Arts.

]]> By: Harvey Ross http://iowaindependent.com/20117/cost-of-film-tax-credit-likely-stands-at-78-million/comment-page-1#comment-19596 Harvey Ross Thu, 24 Sep 2009 21:56:06 +0000 http://iowaindependent.com/?p=20117#comment-19596 Somebody needs to do some serious Economic Impact study before throwing numbers around about Costs. How many of these movies would have been made in Iowa without the Tax Credits instead of in Canada, California or North Carolina? How many millions of dollars were spent in Iowa as a result of these Films being made here? Money that gets spent for Extras, Hotel Rooms, Equipment Rentals, Location Rentals (Anyone have Idle Real Estate?) - all adds up in Income Taxes, Sales Taxes, and Property Taxes that can be collected in Iowa when the Resources that are used and Paid here spend money they wouldn't have had. <br>Sure, we get an occasional Ashton Kutcher, Tom Arnold, Elijah Wood, Donna Reed, Ron Livingston, Terry Farrell -- Stars FROM Iowa - but don't we deserve More? And how many great movies do we deserve to let Iowa Shine? After "Bridges of Madison County" "Field of Dreams" "Final Season" and "Sugar"- is that All? <br><br>Show me that Iowa has spent more money on this Tax Credit than the People and Government of Iowa have raked in, and I'll join this crusade against "somebody isn't paying their fair share". Until then, I suspect we have only begun to profit from an Industry that can Grow Money, Talent, and Reputation for Iowa and our Respect for the Arts. Somebody needs to do some serious Economic Impact study before throwing numbers around about Costs. How many of these movies would have been made in Iowa without the Tax Credits instead of in Canada, California or North Carolina? How many millions of dollars were spent in Iowa as a result of these Films being made here? Money that gets spent for Extras, Hotel Rooms, Equipment Rentals, Location Rentals (Anyone have Idle Real Estate?) – all adds up in Income Taxes, Sales Taxes, and Property Taxes that can be collected in Iowa when the Resources that are used and Paid here spend money they wouldn't have had.
Sure, we get an occasional Ashton Kutcher, Tom Arnold, Elijah Wood, Donna Reed, Ron Livingston, Terry Farrell — Stars FROM Iowa – but don't we deserve More? And how many great movies do we deserve to let Iowa Shine? After “Bridges of Madison County” “Field of Dreams” “Final Season” and “Sugar”- is that All?

Show me that Iowa has spent more money on this Tax Credit than the People and Government of Iowa have raked in, and I'll join this crusade against “somebody isn't paying their fair share”. Until then, I suspect we have only begun to profit from an Industry that can Grow Money, Talent, and Reputation for Iowa and our Respect for the Arts.

]]> By: Harvey Ross http://iowaindependent.com/20117/cost-of-film-tax-credit-likely-stands-at-78-million/comment-page-1#comment-18876 Harvey Ross Thu, 24 Sep 2009 19:56:06 +0000 http://iowaindependent.com/?p=20117#comment-18876 Somebody needs to do some serious Economic Impact study before throwing numbers around about Costs. How many of these movies would have been made in Iowa without the Tax Credits instead of in Canada, California or North Carolina? How many millions of dollars were spent in Iowa as a result of these Films being made here? Money that gets spent for Extras, Hotel Rooms, Equipment Rentals, Location Rentals (Anyone have Idle Real Estate?) - all adds up in Income Taxes, Sales Taxes, and Property Taxes that can be collected in Iowa when the Resources that are used and Paid here spend money they wouldn't have had. <br>Sure, we get an occasional Ashton Kutcher, Tom Arnold, Elijah Wood, Donna Reed, Ron Livingston, Terry Farrell -- Stars FROM Iowa - but don't we deserve More? And how many great movies do we deserve to let Iowa Shine? After "Bridges of Madison County" "Field of Dreams" "Final Season" and "Sugar"- is that All? <br><br>Show me that Iowa has spent more money on this Tax Credit than the People and Government of Iowa have raked in, and I'll join this crusade against "somebody isn't paying their fair share". Until then, I suspect we have only begun to profit from an Industry that can Grow Money, Talent, and Reputation for Iowa and our Respect for the Arts. Somebody needs to do some serious Economic Impact study before throwing numbers around about Costs. How many of these movies would have been made in Iowa without the Tax Credits instead of in Canada, California or North Carolina? How many millions of dollars were spent in Iowa as a result of these Films being made here? Money that gets spent for Extras, Hotel Rooms, Equipment Rentals, Location Rentals (Anyone have Idle Real Estate?) – all adds up in Income Taxes, Sales Taxes, and Property Taxes that can be collected in Iowa when the Resources that are used and Paid here spend money they wouldn't have had.
Sure, we get an occasional Ashton Kutcher, Tom Arnold, Elijah Wood, Donna Reed, Ron Livingston, Terry Farrell — Stars FROM Iowa – but don't we deserve More? And how many great movies do we deserve to let Iowa Shine? After “Bridges of Madison County” “Field of Dreams” “Final Season” and “Sugar”- is that All?

Show me that Iowa has spent more money on this Tax Credit than the People and Government of Iowa have raked in, and I'll join this crusade against “somebody isn't paying their fair share”. Until then, I suspect we have only begun to profit from an Industry that can Grow Money, Talent, and Reputation for Iowa and our Respect for the Arts.

]]> By: JasonHancock http://iowaindependent.com/20117/cost-of-film-tax-credit-likely-stands-at-78-million/comment-page-1#comment-18811 JasonHancock Wed, 23 Sep 2009 20:13:19 +0000 http://iowaindependent.com/?p=20117#comment-18811 The $32 million has already been paid out for the 22 projects. The $78 million is for the 26 projects that are under contract but have not been issued tax credit certificates yet. Sorry for the confusion. The $32 million has already been paid out for the 22 projects. The $78 million is for the 26 projects that are under contract but have not been issued tax credit certificates yet. Sorry for the confusion.

]]> By: jonnyquest123 http://iowaindependent.com/20117/cost-of-film-tax-credit-likely-stands-at-78-million/comment-page-1#comment-18810 jonnyquest123 Wed, 23 Sep 2009 20:03:50 +0000 http://iowaindependent.com/?p=20117#comment-18810 That's $78 million, which includes the initial 22 projects at $32 mill + the additional 26 projects ($47 mill)? Do I understand this correctly? A $78 million pay out of tax credits for 48 film projects? I think the benefits outweigh the liabilities. That's $78 million, which includes the initial 22 projects at $32 mill + the additional 26 projects ($47 mill)? Do I understand this correctly? A $78 million pay out of tax credits for 48 film projects? I think the benefits outweigh the liabilities.

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