Tax breaks like the one proposed for moviemakers don’t even do what they promise. A recent survey of nearly 550 state-level tax incentive deals shows they do not improve the economy. A study by the state Office of Economic and Demographic Research showed that Florida got a negative return on investments — only an 18-cent return on every dollar spent on film tax subsidies the last time the state’s film tax credit was reviewed.
Lawmakers should work to improve our state’s competitiveness and offer a business environment that’s the nation’s best for all kinds of firms to grow and thrive. We should offer a competitive business climate that attracts all sorts of industries, including filmmakers. We should not just give out taxpayer money to select industries and companies.
They don't build skyscrapers, factories, and storefronts. Instead, they bring flocks of actors, cameramen, and set designers who leave as soon as they wrap up a project. The film industry benefits and taxpayers lose.