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Will Coronavirus End Hollywood’s Lucrative Tax Breaks?

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variety.com
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The Walking Dead,” but they also were able to provide residents with thousands of good-paying jobs.Due to the coronavirus, that could all change.

Across the country this summer, state officials are slashing billions in spending as they grapple with a shrinking tax base brought on by the economic collapse.

Without assistance from the federal government, leaders like New York Gov. Andrew Cuomo have even raised the prospect of laying off firefighters, police officers, health care workers and teachers as they look to get costs under control and plug budget shortfalls.

That has put increased pressure on film and television tax breaks, which states have long used to entice production jobs. “In today’s environment, film production incentives are a.

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