Wednesday, July 18, 2012

New funding thrills Oregon film industry - Portland Business Journal:

goldenayreyg1666.blogspot.com
Lawmakers passed Senate Bill 621, which will provide up to $7.5 milliobn in new tax credits to filmmakers who producee projectsin Oregon. The measure passeds the Senate 20-10 count and the House 56-3. Gov. Ted Kulongoski, a fervent film industru supporter, is expected to sign the Many in the film industry considered the measure dead after lawmakers took their time considerinyg the motion at the committee The measurepassed Friday. Some Salekm insiders believe the 2009 sessionn couldend Monday. Lawmakers must still agree on components of a budgetgreconciliation bill.
Vince Porter, executive directorr of the Governor’s , said the work of unions and tourism officials helped pass thefilm measure. Groupse such as the played key lobbying he said. The bill limitxs the credits to $750,000 and applies to production companies that spende atleast $75,000 in Oregon.

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