Monday, July 4, 2011

New Transformers Flick Costs Each Michigan Taxpayer $1.36

New Transformers Flick Costs Each Michigan Taxpayer $1.36 [Michigan Capitol Confidential]
"Since the tax credit is refundable and has little to do with the company’s tax liability, it is effectively a subsidy check from the state treasury. According to the Michigan Film Office press release, 'Transformers' received $6.1 million in refundable tax credits from the state"

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