Another state tax credit program is due for renewal shortly and we hope lawmakers don't lose sight of it.
The state's $100 million tax program designed to lure TV and film producers to the area is set to expire in 2013. Already a bill emerged and passed the Senate last year to extend the credit another 10 years and $200 million. We would encourage the House to take up the issue this year.
According to reports, the program has approved a total of about $14.3 million in tax credits for almost three dozen productions. That includes 16 reality projects and 10 feature films that spent a total of nearly $45 million in the state since the program began running in late 2009.
That's not to mention all the benefits that come from having Alaska at the top of vacationers', investors' and business executives' minds. That kind of marketing is priceless.
And let's face it -- we like seeing ourselves and our state on screens both large and small.
Lawmakers would be foolish to not take a long look at the extension of the film credit program -- many in the industry cite it as the reason they're here. Let's keep them.