Oliverio Praises Film Tax Credits for Bringing in Business

Press Release

Northern West Virginia congressional candidate Mike Oliverio today pointed to tax credits he and others pushed in the state Legislature as a significant factor in convincing major studios to film in West Virginia. A new Steven Spielberg movie, "Super 8," is filming in Weirton, West Virginia.

"In the state Legislature, we have been forward thinking, and we created tax incentives to bring the film industry to West Virginia," said Oliverio. "Those investments are now paying off with this major motion picture coming to Weirton."

The West Virginia Film Industry Investment Act allows the state to offer a 31 percent tax credit for in-state spending projects over $25,000.

"This is an example of how the proper incentives can create jobs," said Oliverio. "We have paid down debt, cut taxes and balanced our budget in West Virginia, and we're still able to offer incentives that help us attract major projects."

From the West Virginia Department of Commerce:

The West Virginia Film Industry Investment Act is a competitive tool used to recruit film industry business into the state. The Act provides up to 31 percent tax credits for in-state spending (27 percent base, plus 4 percent for 10 or more resident crew or talent hires). Funded at $10 million annually; no caps; minimum spend of $25,000. Eligible projects include feature length films, TV films and series, commercials, music videos and commercial still photography.

Purchases and rentals of tangible personal property and purchases of services directly used in production are exempt from state sales tax (6 percent, excluding food, beverages, motor fuel).

Lodging stays at the same facility in excess of 30 consecutive days are exempt from state (6 percent) and local (varies by region) taxes.

Filming on most state-owned property is fee-free; in certain circumstances, a fee may be assessed and cost recovery charges may be applied.

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