Analysts have found that the tax credits Maryland is giving to HBO’s Veep and Netflix’s House of Cards aren’t worth it, which is especially interesting when one considers how aggressively House of Cards threw its weight around last winter to secure a larger incentive. (In the end, the show settled for less than what they wanted.)
Now lawmakers — and Governor-elect Larry Hogan — have to decide whether they want to let the film tax-credit program expire in July 2016 and brace for the consequences. None of them have taken a stance on the issue yet. Hogan has promised to cut government spending, and the Washington Post sees no “fatter target for Mr. Hogan’s budget-cutters.” The program has cost the state $62 million since 2012.
But it’s at least a little more complicated than that. Hogan wants to cut spending, sure, but doesn’t he also want to attract business to the state? And no matter how certain we are that these productions aren’t worth the money we’re throwing at them, losing them isn’t going to make anyone look good.
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