Connect with us

Hi, what are you looking for?

OMD NewsOMD News


Tax Credit Support – State Contemplates Reduction in Film and TV!

Debate Brews Over Fate of Connecticut’s Film Tax Credit Program

Uncertainty Looms Over Connecticut’s Film Tax Credit as Lawmakers Consider its Elimination

RA – Connecticut’s bustling film and television industry faces an uncertain future as state lawmakers deliberate over the fate of a long-standing tax credit program. With bipartisan support, legislation is on the table to scrap the program which has pumped over $1.5 billion into productions over nearly 20 years. Proponents argue that in a time of budget constraints, resources should be redirected to benefit low income families and essential services.

However, the proposal has sparked fierce opposition from industry stakeholders and major players like ESPN and NBCUniversal, who argue that the tax credits are crucial for sustaining their operations in the state. They highlight the significant investments made and the thousands of jobs created as a result. Critics counter that redirecting funds towards initiatives like a child tax credit would offer a better return on investment for the state.

READ ALSO: Oklahoma State Tax Refund Update: What To Expect If Your Payment Is Delayed

Divergent Perspectives Clash in Connecticut’s Tax Credit Debate

As the debate rages on, voices from both sides present compelling arguments. While some advocate for supporting broader economic growth by lowering taxes others emphasize the importance of prioritizing resources to benefit those in need. The outcome of this legislative tug of war will not only shape the future of Connecticut’s film industry but also reflect broader policy priorities in the state.

READ ALSO: Expanded Child Tax Credit Stuck In Senate Amid GOP Welfare Comparisons

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...


The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...


The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...


In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...