And here’s a perfect example why you need more than just one or two newspapers covering the capitol.
I’ve been writing a lot about the future of the state’s film tax credits considering the current budget crisis. But eagle-eyed fellow reporter Ted Mann at The Day of New London spied a major bill I missed that is being raised tomorrow (Thursday) morning in Hartford.
I spoke briefly with sponsor Sen. Gary LeBeau, D-East Hartford tonight.
“I’m trying to save the tax credits by proposing a reduction in them,” LeBeau said. “I don’t think we can maintain the tax credits in the form they’re at right now. I’m putting out the bill, having a hearing and we’ll hear what people have to say.”
LeBeau did not expect much discussion since the bill is one of many being raised with the intention they be debated and refined at future meetings later in the session. But perhaps some lawmakers might not want to see it get that far.
But just the mere proposal will seriously freak out supporters of the tax credits who argue ANY talk about them being lessened or eliminated scares away Hollywood and any incoming productions.
I think the film industry is really part of the “oldest profession”, simply selling themselves to the highest bidder. If another state tomorrow offered more tax incentives, they would be gone in a New York minute….in fact, didn’t they leave NY a minute after our tax incentive package was approved?