skip to main content
skip to newscasts

Friday, September 20, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Dozens of CA events this weekend honor Latino Conservation Week; Kamala Harris joins Oprah Winfrey in emotional campaign event; Report finds poor working conditions in Texas clean energy industry; AI puts on a lab coat, heads to technical schools.

view newscast page
play newscast audioPlay

Rising threats of political violence, a Federal Reserve rate cut, crypto industry campaign contributions and reproductive rights are shaping today's political landscape.

view newscast page
play newscast audioPlay

A USDA report shows a widening gap in rural versus urban health, a North Carolina county remains divided over a LGBTQ library display, and Minnesota Gov. Tim Walz' policies are spotlighted after his elevation to the Democratic presidential ticket.

Report: CT should consider eliminating costly film tax credit

play audio
Play

Thursday, April 4, 2024   

A new report found Connecticut might be better off without its film industry tax credit.

The Connecticut Voices for Children report showed the film industry tax credit costs the state more than $60 million dollars a year, which means between 2007 and 2023, the state lost around $900 million.

Patrick O'Brien, research and policy director at Connecticut Voices for Children and author of the report, said it plays into the state's regressive tax system because it is not targeted to low and middle-income families.

"If you're spending about $106 million a year in these film industry tax credits moving forward, only a portion of that is going to ultimately be passed to low and middle-income families within Connecticut," O'Brien pointed out. "A substantial portion of it is likely to be exported out of state entirely."

O'Brien's research does not examine whether the tax credit is worth salvaging but suggested eliminating it would help the state recover the revenue beginning next year. The General Assembly has been weighing legislation to end the tax credit. Though the bill met staunch opposition at a public hearing from people who believe it is good for the state, it has garnered support from Rep. Jason Rojas, D-East Hartford, the House majority leader. The bill awaits committee action.

What would the state do with the money? One suggestion is to put it toward funding a state child tax credit. Many organizations have been calling on lawmakers to establish one. O'Brien noted doing so can economically benefit families and the state.

"Because a state-level child tax credit is so well-targeted, it means that it's going to go entirely to low and middle-income families within the state," O'Brien emphasized. "We know the main driver of economic growth is essentially consumer spending."

It is estimated more than $41 million of the almost $106 million on the film industry tax credits for 2025 could provide support for the bottom 92% of Connecticut households. The report suggested several ways to accomplish it, though using this pot of funding alone might not help as many people as the proposed $600 expanded child tax credit would.

Disclosure: Connecticut Voices for Children contributes to our fund for reporting on Budget Policy & Priorities, Children's Issues, Education, and Juvenile Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
Some 899 of 936 public comments on the plan for the proposed West Fork Dam, or 96%, opposed the West Fork Battle Creek Dam project, according to a tally by Wyofile. (Adobe Stock)

Environment

play sound

A federal agency is requiring Wyoming to update cost estimates for a large proposed dam in Carbon County, which has been under feasibility studies …


Social Issues

play sound

This Saturday marks the International Day of Peace and the advocacy group Nonviolent Peaceforce is kicking off a series of family-friendly events in M…

Environment

play sound

Latino Conservation Week is in full swing, with 330 events across the U.S. and 90 in California alone. The 11th annual event runs through Sunday…


Nebraska is one of 10 states to confirmed abortion-related constitutional amendment measures on the ballot in November. (Alcorn Imagery/Adobe Stock)

Social Issues

play sound

Some ballot initiatives this year have taken more than voter signatures to get onto the ballot in Nebraska. They've already withstood major court …

Environment

play sound

Maine officials are stepping up land conservation projects as climate change continues to alter the state's terrain. New funding from the Land for …

Social Issues

play sound

A new study showed as Texas has emerged as a national leader in wind turbine and solar energy installations, clean energy workers often face …

play sound

Students enrolled at Wisconsin's technical colleges this fall might take a course where artificial intelligence is the star of the classroom…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021