Idaho’s “film industry”–whatever that may be–could benefit from tax incentive bills which will be pushed in the upcoming legislative session.
The GUARDIAN would find these selective tax breaks comical if it weren’t for the fact these folks are serious. One proposal would give the Hollywood types a 10% income tax rebate or tax credit–which is VOODOO ECONOMICS since the nominal income tax rate in Idaho is only 8%!
Representative Jana Kemp is a proponent of this little gem of a law and hopes the extra 2% break will encourage movie moguls to spend even more Hollywood cash in Idaho. But she also wants to rebate the sales tax on what they spend for supplies. So other than bringing publicity and more people to Idaho what good is this proposed special interest legislation?
Kemp and Gov. ”Hollywood Dirk” note that other states already have rebates or tax incentives for the movie folks and SURPRISE! They get movie moguls to come to their states to make films. Montana officials claim they can shave $358,000 off the production costs of a $5 million movie. GUARDIAN says the people of Montana lose $358,000 in revenues in that scenario.
Offer the same tax deal to plastic surgeons and Boise will be the Mecca of the flat chested, wrinkled women of the world.
Eliminate hunting and fishing license fees and we can attract more hunters and fishermen.
Then there is all that revenue Idaho is missing from those “special service” houses in Nevada featured on HBO late night. Those gals would love to come to a tax-free Idaho. Of course HBO would save on the cost of producing movies here as well.
Micron has done really well with the tax breaks–it will be a decade before they ever pay state income tax. They have been able to build two three new plants and create thousands of jobs with the Idaho tax breaks which include Boise and Ada County property tax relief…only problem is the jobs and plants happen to be in Virginia, Singapore and China!
Those incentives for Albertson Food Stores may help the economy as well. CEO Larry Johnston has brought national publicity to Boise as one of the most overpaid execs in America and by some estimates he will walk away with $40,000,000 if the chain is sold.
All it will take for this Hollywood mania to disappear will be a true life documentary on the Idaho legislative process, images of Mel Gibson crucified in Rexburg, or the XXX remake of Lady Godiva filmed on an illegal trail at Tamarack.
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