Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.

Saturday, March 12, 2011

U.S. STATE BY STATE INCENTIVES CHART

STATE BY STATE INCENTIVES CHART

ALABAMA
No changes, no problems.
ALASKA
Legislation has been introduced to expand the program, and extend it to 2023.
ARIZONA
Legislation has passed the AZ Senate to revive the tax credit program; now goes to the House.
CALIFORNIA
No changes -- legislation introduced to extend the 5-year program through 2019.
COLORADO
Legislation to provide collection boxes in theatres so patrons can elect to donate to the film tax credit fund is in progress.
CONNECTICUT
Governor has asked to change the timeframe when the credits can be sold.
FLORIDA
No pressure, no changes.
GEORGIA
Legislative tax committee suggests abolishing the credits; hearings are being held in the GA House, but no legislation has been offered.
HAWAII
Legislation filed to increase the incentives -- passed by Senate, now in House.
IOWA
Program is really, really dead.
ILLINOIS
Stable -- no talk of reductions.
INDIANA
No changes.
KENTUCKY
No changes.
LOUISIANA
No changes.
MASSACHUSETTS
While there is no longer a film commission, the Massachusetts Office of Travel and Tourism has taken over the film office functions. Betty Wall, at (617) 973-8506, heads the office.
MARYLAND
Legislation in process to expand program to $15 million per year. Passage is likely.
MAINE
Might change from refundable to non-refundable.
MICHIGAN
Governor wants to eliminate all tax credits, and allocate $25M per year for the next two years for direct grants, with funds from a tobacco settlement.
MISSISSIPPI
Expanded program has been approved. Waiting for Governor to sign.
MINNESOTA
No changes.
MISSOURI
Appears that the program will be terminated.
MONTANA
Abolishment of the Montana program is part of a tax bill currently in committee.
NEBRASKA
Legislation introduced to provide up to $500K in grants for a film production.
NORTH CAROLINA
No pressure - 25% credit with $1M per hire cap.
NEW JERSEY
Bill to increase the incentive to $50 million per year was vetoed, and attempt to overturn veto failed. In any case, the current freeze expires on July 1, 2011, but it can be extended. Net result - no tax credits.
NEW MEXICO
Governor proposed reduction to 15%; appears that a compromise will keep the incentive at 25%, but impose a yearly rolling cap of $45 million.
NEVADA
No changes - no program.
NEW YORK
Legislation introduced to allow part of writer fees to qualify; NY is a BTL-only credit payable over 1-3 years.
OHIO
No film commissioner, but the 25% credit program continues, with assistance from local film offices.
OKLAHOMA
Possible increase in funds to $10 million. Program is solid, in any case.
OREGON
Legislation in process to improve program, and expand OPIF (Production Fund). Nothing will happen prior to May, 2011.
PENNSYLVANIA
Application process is frozen - no more applications being processed until lifted - should be soon. New budget, if approved, has $60 million per year for tax credits.
PUERTO RICO
New legislation signed , which adds 20% for non-resident talent to the existing 40% tax credit for Puerto-Rico labor and expenses. 20% wh tax on non-residents can be creditable.
RHODE ISLAND
The Governor's new budget, if adopted as proposed, will abolish the Rhode Island film incentive.
SOUTH CAROLINA
No changes.
SOUTH DAKOTA
No changes, none expected.
TENNESSEE
Legislation has been proposed to expand the existing incentives program.
UTAH
Program in the process of being improved to 25%.
VIRGINIA
No changes.
WASHINGTON
Proposed legislation will increase the available funds, extend the program to 2017, and up the television incentive to 35%.
WISCONSIN
Program remains the same - $500K per year. Not likely that it will be increased.
WEST VIRGINIA
No changes planned or anticipated.
WYOMING
Program extended to 2016.

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