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The 10-day Maine International Film Festival in Waterville included a July 22 discussion by filmmakers and industry supporters about what could be done to encourage more movies being made in Maine. Several people suggested that the state needs to invest more in its marketing efforts as well as increase financial incentives to attract film productions to the state. Maine does offer a 5% tax credit and 10% rebate for nonresident labor (12% for resident labor), but other states offer much more. Massachusetts, Rhode Island and North Carolina, for example, offer a 25% incentive, Louisiana and New York 30%, Oklahoma 35%, plus 2% if more than $20,000 is spent on music created in-state.
Should Maine boost its film production tax credit to double digits in order to be more attractive as a location for film and TV productions?