Blowing Up Kansas Movie Tax Credits

Everybody wants to profit from something like the success of last year's Barbenheimer but Hollywood glamour often distracts from economic reality.

Accordingly . . . Here's economic experts setting the stage and reporting financial facts over fiction . . .

This time, it’s Kansas’ turn. The Kansas Film and Digital Media Production Development Act (HB 2097) would create a sales tax exemption and nonrefundable income tax credits for qualifying production activities. Typical to the boosterism that accompanies such efforts, Kansas State Rep. Stephanie Clayton tweeted, “Perhaps we'll have a Hallmark Christmas Movie filmed here one day.”

Read more via www.TonysKansasCity.com link . . .

Efforts to draw film industry to Kansas may not be the blockbuster lawmakers envision

According to the Bureau of Labor Statistics, while the Missouri film tax credit was in place, film-production jobs in the state actually decreased.