MPAA says Iron Man 3 filming netted jobs in NC

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by The Associated Press

WCNC.com

Posted on April 30, 2013 at 4:09 PM

RALEIGH, N.C. (AP) -- The film industry is touting $180 million in investment to North Carolina from the filming of Iron Man 3. 

The move comes while a bill reducing tax credits for production companies awaits action in the North Carolina House.  

The Motion Picture Association of America released a study Tuesday attributing $180 million and 2,000 jobs in North Carolina to filming from Iron Man 3, which premiers Friday.  

North Carolina gives film productions direct payments if their tax credits exceed what they owe the state. The House bill would limit credits to tax liability and prevent additional payments.  

A recent study from General Assembly staff using a different economic model found only a fraction of the film industry's job claims in 2011 could be directly tied to tax incentives. 
 

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