Assembly approves $25 million in film tax credits

Lawmakers approved $25 million in tax credits for the film industry Tuesday, expanding and extending a program that was set to expire in 2014.

Tuesday's vote sends to Gov. Martin O'Malley a bill that increases subsidies to film companies by $17.5 million over this year.

O'Malley proposed the increased tax credit, along with credits for biotechnology and cyber security industries.

Since the credits were first approved in 2011, they have gone to several projects including the popular Netflix series "House of Cards" that stars Kevin Spacey and was filmed in Baltimore.

The House of Delegates approved the bill 108-31 Tuesday with Republicans lodging objections that what Baltimore County Del. Kathy Szeliga calls "Hollywood fat cats" would get help from taxpayers.

Supporters argued the film industry brings jobs and economic activity to Maryland. "Do we want to compete with other states in the country?" asked Del. Melony G. Griffith, a Democrat from Prince George's County.

The Senate passed the tax credit unanimously in February.

Copyright © 2021, The Baltimore Sun, a Baltimore Sun Media Group publication | Place an Ad