Current:Home > FinanceFilm and TV crews spent $334 million in Montana during last two years, legislators told -Achieve Wealth Network
Film and TV crews spent $334 million in Montana during last two years, legislators told
View
Date:2025-04-16 03:57:18
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! (49559)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Police say fentanyl killed 8-year-old Kentucky boy, not an allergic reaction to strawberries
- Dodgers Star Shohei Ohtani's Former Interpreter Facing Fraud Charges After Allegedly Stealing $16 Million
- Conjoined Twins Abby and Brittany Hensel Seen for First Time Since Private Wedding News
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- 2024 NFL draft rankings: Caleb Williams, Marvin Harrison Jr. lead top 50 players
- Minnesota man guilty in fatal stabbing of teen on Wisconsin river, jury finds
- 2024 Masters Round 1 recap: Leaderboard, how Tiger Woods did, highlights
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- MLB Misery Index: AL Central limping early with White Sox, Guardians injuries
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Lawyers defending youth center against abuse allegations highlight former resident’s misbehavior
- Deadly Chicago traffic stop where police fired 96 shots raises serious questions about use of force
- Two Alabama inmates returning from work-release jobs die in crash
- Retirement planning: 3 crucial moves everyone should make before 2025
- O. J. Simpson's top moments off the field (and courtroom), from Hertz ads to 'Naked Gun'
- Will charging educators and parents stop gun violence? Prosecutors open a new front in the fight
- Mattel launches new 'collaborative,' less intimidating version of Scrabble: What we know
Recommendation
Bodycam footage shows high
Sister Wives' Janelle Brown Shares Heartbreaking Message on Late Son Garrison's Birthday
Greg Norman shows up at Augusta National to support LIV golfers at Masters
Kourtney Kardashian Reveals Why She Pounded Her Breast Milk
A South Texas lawmaker’s 15
Driver of electric Ford SUV was using automated system before fatal Texas crash, investigators say
A Washington man pleads not guilty in connection with 2022 attacks on an Oregon electrical grid
How much do caddies make at the Masters? Here's how their pay at the PGA tournament works.