Tuesday, March 29, 2011

Palin TV Show gets $1.2 million in tax credits

Under a state subsidy created by the Legislature in 2008 and signed into law by Palin, Alaska allows film and TV producers to recover 30 percent or more of the money they spend on filming in the state.

All told, the Palin show spent $3.6 million in Alaska, the state says.

TV and movie-makers may not have a significant tax liability in Alaska but can sell their credits at a discount to corporations that do. The tax revenue would have otherwise gone into state coffers.