Film production tax credits may be returning to North Carolina. But some observers wonder if this may be too little, too late for the state's entertainment industry.
House and Senate budget leaders say they may include up to $30 million dollars in film production tax credits in this year's state budget.
Lawmakers allowed tax credits to expire in 2014, replacing them with a grant-based program worth $10 million in rebates.
In that time, many film and television production companies have pulled up stakes and left to pursue tax credits in other states, including South Carolina and Georgia.
The Winston-Salem Journal reports that State Representative Donny Lambeth has been a major proponent of restoring the tax credits.
Lambeth says Winston-Salem and the Triad benefited from film and television production in terms of spending, jobs and the film program at UNC School of the Arts.
Legislators now have to determine how much each project would get in tax credits.
Lawmakers hope to have a final budget agreement by next week.
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