Roll Up the Red Carpet: New Study Finds Billions of Dollars in State Entertainment Industry Tax Incentives Don’t Bring Promised Jobs
Brooklyn, USA - April 12, 2010: A film crew from Japan films on Brooklyn Heights Promenade overlooking downtown Manhattan in New York City.
The new study—Do State Corporate Tax Incentives Create Jobs? Quasi-Experimental Evidence from the Entertainment Industry—analyzed the employment impact of motion picture incentive (MPI) programs, a combination of corporate tax incentives and other services, for the five states that currently spend the most on MPI incentives.
“This new study should put to rest any notion that motion picture tax incentives may work in some states but not others,” said the study’s lead author Michael Thom, an associate professor at the USC Sol Price School of Public Policy who specializes in public finance. “The states investing the most in incentives are not getting the return on investment taxpayers deserve, pure and simple. These incentives cost taxpayers billions of dollars, at a time when that money could be directed to other much needed public services.”
See the full story here: https://priceschool.usc.edu/roll-up-the-red-carpet-new-study-finds-billions-of-dollars-in-state-entertainment-industry-tax-incentives-dont-bring-promised-jobs/