FILM REBATE BILL SIGNED INTO LAW BY GOVERNOR HALEY
More Films To Be Shot in Palmetto State;
SC Small Businesses To Realize Millions More in Capital Investment
For immediate release
May 9, 2013
Contact: John DeWorken
Phone: 864-905-5529
Columbia, SC – The Carolina Film Alliance (CFA), the voice of the film industry in South Carolina, announced today that the Film Rebate Bill (S.163), which was passed by the Legislature just days ago, was signed into law by Governor Nikki Haley.
With a $0 fiscal impact (no increase in taxes), the Film Rebate Bill is expected to lure more film productions to South Carolina, generating millions of dollars more for small businesses and creating more film industry jobs.
“Today, we thank Governor Haley, Senator Paul Campbell, Representative Phyllis Henderson, and the South Carolina Legislature for supporting an industry that is eager to do business here in South Carolina,” said CFA President Richard Futch. “What it says to the film industry around the world is that South Carolina values the millions of dollars that film companies will now spend here with local small business, such as hardware stores, restaurants, lumber yards, and dry cleaners – attracting millions in capital investment to grow the economy, creating jobs, and showcasing South Carolina’s geographic beauty to the world on the big screen.”
The legislation, sponsored by Senator Paul Campbell and Representataive Phyllis Henderson, increases rebates that film companies receive for its purchases of supplies from South Carolina vendors up to 30 percent from 15; and, it increases the rebates film companies receive for wages spent from a mere 15 percent to now up to 25 percent for South Carolina residents and up to 20 percent for all others. Though there is an increase in rebates, there is no increase of the pot of money the state sets aside for these rebates ($0 fiscal impact).
“We are excited to once again showcase the beauty of South Carolina on the big screen to millions of people around the world, such as what the world has seen in Forrest Gump, The Patriot and The Big Chill.” said Futch. “More importantly, South Carolinians should get ready to be excited to see tomorrow’s iconic movies made with a Palmetto backdrop.”
The Film Alliance is the voice of the film industry in South Carolina,
representing small businesses, vendors, cast and crew.
representing small businesses, vendors, cast and crew.
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