Film Incentives Bill Gets Its First Approval In Colorado
DENVER (AP) — A bill to increase film incentives for productions in Colorado cleared its first hurdle in the House.
The proposal would increase a tax rebate the state gives production companies from 10 percent to 20 percent. It’s a figure that’s comparable to other states but not as high as others. The refund is given to filmmakers to help offset costs for in-state expenditures.
The bill passed out of a House committee Thursday. Supporters say having movies made in Colorado would help tourism and local economies because productions would spend money on location.
Hundreds of movies have been filmed in Colorado but the number has dwindled in the last 15 years because other states offer better incentives.
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