Current:Home > InvestFilm and TV crews spent $334 million in Montana during last two years, legislators told -MacroWatch
Film and TV crews spent $334 million in Montana during last two years, legislators told
View
Date:2025-04-21 02:25:43
Film and TV companies spent $334 million in Montana over the past two years, according to numbers released to state legislators.
Television, including the filming of the “Yellowstone” franchise, was the big contributor with $275.7 million spent between July 2022 and May 2024.
“Obviously very big numbers,” said Gina Lavery, of Econsult Solutions, Inc., an analyst hired by the state. “These are honestly double what we saw the previous cycle, which makes sense because of the number of large television series that had taken place here.”
Roughly $60 million went to payroll for Montana employees. Over two years 510 full-time Montana jobs were created directly by film and TV work, with another 810 jobs indirectly created.
Another $90.4 million was spent locally on production; the biggest chunk, $184 million, went to Hollywood talent.
Over two years ending in May, 37 Montana counties had some interaction with the 167 productions in the state. Independent features were a distant second to television programming, with $35.3 million in activity.
Lavery gave her report on Monday to the Legislative Interim Revenue Committee, which was mostly interested in whether Montana’s $24 million film tax credit program was attracting business.
“If there was no tax credit, you know, there’s still film production here. So it’s not a matter of $24 million worth of credits, compared to the 22-point something of benefits,” said Sen. Paul Fielder, a Republican from Thompson Falls. “I just wonder, without a tax credit, would we still be receiving economic benefits? I think we would just be some reduced amount.”
Tax credits have been in play since the 2019 Legislature and are available for productions through 2029. The incentives are a grab bag of perks: a 25% tax credit for hiring Montana crew members, 15% for non-resident crew and 30% for Montana university students working for the college credit. Actors, directors and writers are worth a tax benefit of 20%.
There have been rumors about filmmakers pulling out of Montana once the state’s film credits were exhausted. Lynn-Woods said the production of “1923,” the “Yellowstone” prequel featuring Helen Mirren and Harrison Ford, likely relocated from Butte to Texas as Montana tax incentives maxed out and Texas offered a better deal.
“Well, I can’t speak directly for them because I’m not part of the production, but I know that it would have been much easier for them to stay in Butte to finish that part,” Wood-Fields said. “And it very much is a result of our tax incentives, because we are completely out so there’s no guarantee for them.
In Montana, the tax credits aren’t paid out until the producers offer receipts for their expenditures, but what’s available for new projects is based on projections. The total net loss to state revenue to tax credits is estimated to be $6.2 million.
___
This story was originally published by Montana Free Press and distributed through a partnership with The Associated Press.
veryGood! (1719)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- White House says meeting with Mexican president was productive, amid record migrant crossings
- Nebraska governor stands firm on rejection of federal money to feed food-insecure children
- Most money for endangered species goes to a small number of creatures, leaving others in limbo
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Herlin Riley: master of drums in the cradle of jazz
- Ex-Trump lawyer Michael Cohen says he unwittingly sent AI-generated fake legal cases to his attorney
- North Dakota lawmaker’s district GOP echoes call on him to resign after slurs to police in DUI stop
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- The Best 2024 Planners for Slaying the New Year That Are So Cute & Useful
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Some Americans are getting a second Social Security check today. Here's why.
- Google settles $5 billion privacy lawsuit over tracking people using ‘incognito mode’
- For transgender youth in crisis, hospitals sometimes compound the trauma
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Danny Masterson Seen for the First Time in Prison Mug Shot After Rape Conviction
- Brazil expresses concern over Venezuela-Guyana border dispute as naval exercises begin in area
- Retailers shuttered 4,600 stores this year. Here are the stores that disappeared.
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Oakland officer killed while answering burglary call; shooter being sought, police say
Stocks close out 2023 with a 24% gain, buoyed by a resilient economy
Bacon bits: Wendy's confirms one cent Jr. Bacon Cheeseburger offer has limit
Taylor Swift makes surprise visit to Kansas City children’s hospital
Nebraska governor stands firm on rejection of federal money to feed food-insecure children
Israeli-French hostage recounts harrowing experience in captivity
Driverless car startup Cruise's no good, terrible year