Current:Home > ScamsFilm and TV crews spent $334 million in Montana during last two years, legislators told -WealthRise Academy
Film and TV crews spent $334 million in Montana during last two years, legislators told
View
Date:2025-04-13 05:06:54
Film and TV companies spent $334 million in Montana over the past two years, according to numbers released to state legislators.
Television, including the filming of the “Yellowstone” franchise, was the big contributor with $275.7 million spent between July 2022 and May 2024.
“Obviously very big numbers,” said Gina Lavery, of Econsult Solutions, Inc., an analyst hired by the state. “These are honestly double what we saw the previous cycle, which makes sense because of the number of large television series that had taken place here.”
Roughly $60 million went to payroll for Montana employees. Over two years 510 full-time Montana jobs were created directly by film and TV work, with another 810 jobs indirectly created.
Another $90.4 million was spent locally on production; the biggest chunk, $184 million, went to Hollywood talent.
Over two years ending in May, 37 Montana counties had some interaction with the 167 productions in the state. Independent features were a distant second to television programming, with $35.3 million in activity.
Lavery gave her report on Monday to the Legislative Interim Revenue Committee, which was mostly interested in whether Montana’s $24 million film tax credit program was attracting business.
“If there was no tax credit, you know, there’s still film production here. So it’s not a matter of $24 million worth of credits, compared to the 22-point something of benefits,” said Sen. Paul Fielder, a Republican from Thompson Falls. “I just wonder, without a tax credit, would we still be receiving economic benefits? I think we would just be some reduced amount.”
Tax credits have been in play since the 2019 Legislature and are available for productions through 2029. The incentives are a grab bag of perks: a 25% tax credit for hiring Montana crew members, 15% for non-resident crew and 30% for Montana university students working for the college credit. Actors, directors and writers are worth a tax benefit of 20%.
There have been rumors about filmmakers pulling out of Montana once the state’s film credits were exhausted. Lynn-Woods said the production of “1923,” the “Yellowstone” prequel featuring Helen Mirren and Harrison Ford, likely relocated from Butte to Texas as Montana tax incentives maxed out and Texas offered a better deal.
“Well, I can’t speak directly for them because I’m not part of the production, but I know that it would have been much easier for them to stay in Butte to finish that part,” Wood-Fields said. “And it very much is a result of our tax incentives, because we are completely out so there’s no guarantee for them.
In Montana, the tax credits aren’t paid out until the producers offer receipts for their expenditures, but what’s available for new projects is based on projections. The total net loss to state revenue to tax credits is estimated to be $6.2 million.
___
This story was originally published by Montana Free Press and distributed through a partnership with The Associated Press.
veryGood! (2731)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Atlantic City mayor says search warrants involve ‘private family issue,’ not corruption
- Ringleader of Romanian ATM 'skimming' operation gets 6 years for scamming low-income victims
- Ronel Blanco throws no-hitter for Houston Astros - earliest no-no in MLB history
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Migrants in Iowa wonder whether to leave over a bill that could see some arrested and deported
- Warby Parker has begun its eclipse glasses giveaway: Here's how to find a store near you
- Pat Sajak replaced as 'Wheel of Fortune' host? You won't believe the Joker who stepped in
- Intellectuals vs. The Internet
- Ringleader of Romanian ATM 'skimming' operation gets 6 years for scamming low-income victims
Ranking
- A South Texas lawmaker’s 15
- Upgrade Your Closet With These Cool & Trendy Spring Street Style Essentials
- Brave until the end: University of Kentucky dancer Kate Kaufling dies at 20 from cancer
- How many days until WrestleMania 40? How to watch Roman Reigns, The Rock, and more
- The Daily Money: Spending more on holiday travel?
- From homeless to Final Four history, Fisk forward being honored for his courage
- Jerrod Carmichael's vulnerable chat with Tyler, the Creator about his crush goes viral
- ‘It was the most unfair thing’: Disobedience, school discipline and racial disparity
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
House fire in Boston kills 1, injures several others and damages multiple buildings
United asks pilots to take unpaid leave amid Boeing aircraft shipment delays
Who is in the women's Final Four? Iowa joins South Carolina, NC State
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Mosques in NYC struggle to house and feed an influx of Muslim migrants this Ramadan
YMcoin Exchange: Creating a better cryptocurrency trading experience
Tennessee state senator hospitalized after medical emergency during floor session