House Approves $25m Tax Credit For Film Production

ANNAPOLIS, Md. (AP) -- The Maryland House of Delegates has approved more than tripling a tax credit for film production to $25 million for the next fiscal year.

The House voted 108-31 on Tuesday for the measure, sending it to Gov. Martin O'Malley.

The measure extends the tax credit for two more years. The amount will go back down to $7.5 million annually for fiscal years 2015 and 2016.

The tax credit is awarded by the Maryland Department of Business and Economic Development.
More