Michigan Governor Rick Snyder, reaffirmed Tuesday that it will work with unions to resolve Michigan's fiscal problems, but not to criticism of a budget plan that it is not enough workers drew applause friendly. Snyder Michigan Construction and Building Trades Council when he said that Michigan's economy could recover in a positive, non-combative and decline to say that this is not Wisconsin.In November, we wrote the Michigan Film Office has adopted its first match of the applicant to finance the tax credit. Now that the application Pixofactor entertainment and other entertainment-related businesses thinking about locating your next project in Michigan might think twice.
According to AP, the proposed budget for the first Governor Rick Snyder of the program provides for the elimination of film tax incentives, and orders up to $ 25 million in credits of the film which begins this year (despite commitments Honored . And now Michigan is not only a desire to stop the tax credit financing and tax incentive -. Missouri, Jay Nixon Governor has recommended funding to abandon the film office at the hands of state others, Texas found that the cost to the state for tax credit was only $ 117 per $ 1,000 of spending proposals approved by applicants.The Texas Recovery Plan was based on the experience and Knowledge of Michigan biologists and biologists loonie large McIntyre Dr. Judy and Dr. Paul Fort, and the North American Loon Fund.
Why states are trying to get rid of tax credit schemes, because, according to opponents of the plan, which does not work. In September 2010, the Michigan Senate Fiscal Agency has published a paper (PDF) concluded that the tax credit system could not generate significant benefits for private sector activity. The paper found that in fiscal year 2008-09, the tax credit caused Michigan to spend $ 37.5 million, while generating only $ 21.1 million in the private sector activity.Yet, a study by the Texas Comptroller of Public Accounts found that the Texas system working tax credit (PDF). Since April 13, 2009 to 2008 31, 2010, the State allocated $ 48.4 million in grants, and the expected return over $ 414 million in spending of Texas by the applicants.
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