In a move that is sure to spur additional interest in filming motion pictures within Ohio, Governor John Kasich has signed a bill that will double the film tax incentive offered for movie projects that are produced in Ohio.
Kasich signed House Bill 508, which increases the incentive from $10 million annually to $20 million per year for the next two years. It provides for a refundable credit against the corporation franchise or income tax for motion pictures produced in Ohio.
The executive director of the Greater Cleveland Film Commission says that this legislation keeps Ohio competitive with other states, and will help build businesses that cater to the film and video industry. Meanwhile, the executive director of the Greater Cincinnati & Northern Kentucky Film Commission says that raising the cap on the tax incentive lets the movie industry that Ohio is open for business.