NC Lawmakers Spotlight Films For Better Tax Break

BY EMERY P. DALESIO

RALEIGH, N.C. (AP) — Hollywood is now on stage in the Legislature's regular debates about whether targeted tax breaks pay off with more and better jobs. Lights. Make-up. Incentives?

Legislators stung by the last-minute loss of a Miley Cyrus movie in April took the first step on Wednesday toward raising the state income tax break for production companies from 15 percent of qualified spending on a project to 25 percent. The Senate's Finance Committee signed off on the measure, setting up a scheduled vote by the full Senate on Thursday.

The vote comes as lawmakers are in late-stage talks on cutting spending and raising taxes to produce a balanced budget for the year beginning in July. ...