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Pizzo Hopeful For Movie Tax-cut Bill In Next Session

The bill would have given movie productions done in Indiana a 15 percent tax credit. Daniels said parts of the bill amounted to "corporate welfare."

Filmmaker Angelo Pizzo believes miscommunication led to Governor Mitch Daniels vetoing a bill that would have given more tax credits to filmmakers working in Indiana. Pizzo says he was surprised and disappointed that Daniels did not sign the bill into law. In announcing his veto, the Governor said he supported the original bill, but thought additions to it amounted to what he called “corporate welfare.” Pizzo says he is still communicating with the Governor’s office and is hopeful a future bill will be passed.

The bill would have given movie productions done in Indiana a 15 percent tax credit. Pizzo characterizes the economic ripple effect of such productions as “astounding.” He says besides bringing money into the state, films would also employ Indiana residents during shooting. Pizzo says neighboring states are more attractive to filmmakers because they offer a tax credit larger than Indiana’s current ten percent.

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