<blockquote>One measure of the true cost of these programs is whether states recoup their subsidies through increased tax revenue. A <a class="markup--anchor markup--p-anchor" href="http://www.cbpp.org/research/state-film-subsidies-not-much-bang-for-too-many-bucks?fa=view&amp;id=3326" rel="nofollow" data-href="http://www.cbpp.org/research/state-film-subsidies-not-much-bang-for-too-many-bucks?fa=view&amp;id=3326">comprehensive review</a> of the recent literature produced by states in 2009 (when these programs were at their peak) finds consistent, negative results. <a class="markup--anchor markup--p-anchor" href="http://www.ct.gov/cct/lib/cct/Film_Tax_Credit_Study_-_Final.pdf" rel="nofollow" data-href="http://www.ct.gov/cct/lib/cct/Film_Tax_Credit_Study_-_Final.pdf">Connecticut</a> got .07 for each dollar it gave away in tax credits. <a class="markup--anchor markup--p-anchor" href="http://www.opportunitylouisiana.com/assets/LED/docs/Performance_Reporting/ERA_Entertainment_Report.pdf" rel="nofollow" data-href="http://www.opportunitylouisiana.com/assets/LED/docs/Performance_Reporting/ERA_Entertainment_Report.pdf">Louisiana</a> looked at it twice and found it got either $.13 for $.18 for each dollar spent on tax credits. <a class="markup--anchor markup--p-anchor" href="http://www.mass.gov/Ador/docs/dor/News/2009FilmIncentiveReport.pdf" rel="nofollow" data-href="http://www.mass.gov/Ador/docs/dor/News/2009FilmIncentiveReport.pdf">Massachusetts</a> got $.16 on the dollar. <a class="markup--anchor markup--p-anchor" href="http://www.senate.michigan.gov/sfa/Publications/Issues/FilmIncentives/FilmIncentives.pdf" rel="nofollow" data-href="http://www.senate.michigan.gov/sfa/Publications/Issues/FilmIncentives/FilmIncentives.pdf">Michigan</a> got $.11 for each dollar. <a class="markup--anchor markup--p-anchor" href="http://www.nmlegis.gov/lcs/lfc/lfcdocs/film%20credit%20study%20TP&amp;JP_08.pdf" rel="nofollow" data-href="http://www.nmlegis.gov/lcs/lfc/lfcdocs/film%20credit%20study%20TP&amp;JP_08.pdf">New Mexico</a> got $.14, and <a class="markup--anchor markup--p-anchor" href="http://lbfc.legis.state.pa.us/reports/2009/35.PDF" rel="nofollow" data-href="http://lbfc.legis.state.pa.us/reports/2009/35.PDF">Pennsylvania</a> got $.24 for each dollar. <a class="markup--anchor markup--p-anchor" href="http://www.stop-runaway-production.com/wp-content/uploads/2009/07/2008-az-report-52-pages.pdf" rel="nofollow" data-href="http://www.stop-runaway-production.com/wp-content/uploads/2009/07/2008-az-report-52-pages.pdf">Arizona</a> received the highest return, getting $.28 for each dollar it spent on tax credits.</blockquote>
via <a href="https://readplaintext.com/inside-a-hollywood-heist-59081a4c9629">Inside a Hollywood heist — Plain Text — Medium</a>.
<blockquote>The problem with these programs goes far beyond the pain felt by those communities forced to pay for the promises made to lure Hollywood productions. They breed a culture of corruption and greed that moves beyond the type of honest graft that the MPAA is willing to claim, and drifts into a dark world of fraud and illegality that demonstrates how destructive subsidies that distort competition can become.</blockquote>