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Reason
Reason
Entertainment
Joe Lancaster

Audit Finds New York's $700 Million Film Tax Credits Make Little Difference

Governments love doling out taxpayer money in the hopes that businesses will invest in their respective states. Often, this takes the form of grants or credits to businesses that build manufacturing plants, but it also includes tax credits for film and television production.

Last year, New York expanded its already-generous tax credit for productions that choose to film in the Empire State. But a recent state-funded report found that the credit may do more harm than good.

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