Utah film industry leaders are hoping to lure the production of more blockbuster movies to the state by offering a larger tax incentive.
The Governor's Office of Economic Development is set to present a proposal to state lawmakers Wednesday calling for an increase in the state's rebate for motion picture expenditures, from 20 percent to as much as 30 percent.
The larger incentive is intended to make the state more competitive with nearby New Mexico, a longtime rival because it offers similar geography and a 25 percent rebate, among other incentives.
In the past year, New Mexico beat out Utah for productions of the films "Cowboys & Aliens," starring Harrison Ford, and the remake of "True Grit," featuring Jeff Bridges. Those productions have spent hundreds of millions of dollars in New Mexico.
"At 20 percent, we're just not getting the looks that we'd like right now," said Marshall Moore, director of the Utah Film Commission.
Utah is one of a dozen states that currently offers a 20 percent rebate or tax credit. Another 11 states offer a 25 percent incentive, while eight states offer a 30 percent incentive. Several other states offer incentives between 35 percent and 44 percent.
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Written by Brock Vergakis, Associated Press Writer
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