FILM SUBSIDIES
Money wasted: billions
In another instance of governments giving tax dollars to a profitable industry, U.S. states continue to subsidize film productions with tax exemptions that rarely affect film location decisions and often provide negligible returns on investment. Louisiana’s subsidy cost taxpayers $1 billion in the past decade, while New York provided funds as high as $21 million to 74 productions in just the second quarter of 2017.
