LANSING, Mich. (WXYZ) - Michigan has turned into a hub for Hollywood movies. But, the only real pay-off for the state maybe the excitement.
The head of the non-partisan fiscal agency says film industry incentives here in Michigan are a drain on the state's budget.
Today, The State Senate Finance Committee will analyze and discuss the agency's recent report. Over the past two years, the film industry has only generated an addition $3.7 million in tax dollars in 2009. That number was a little better in 2010, with just over $10 million being generated.
The new report also found that for every one dollar paid out to filmmakers the state only collects an estimated $.10 in tax revenue.
Supporters of the movie-making industry says there are intangible benefits, including transforming the state's image and creating hundreds of jobs.
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