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KPCW News Staff
Sat July 12, 2014
8 Film Projects Get Financial Incentives In Utah
SALT LAKE CITY (AP) - Eight film projects, including the fantasy adventure "Bigfoot versus Nazis," have been granted financial incentives in Utah.
The tax credits granted Thursday by the Governor's Office of Economic Development board are based on production companies spending defined amounts of money in the state and hiring a certain percentage of cast and crew locally.
Utah Film Commission Director Marshall Moore says the tax credit increases from 20 to 25% when spending tops $1,000,000, but it can be reduced if a production falls short of meeting its spending goal.
The Salt Lake Tribune reports the Camera 40 Productions team making "Bigfoot versus Nazis" was granted a post-production tax credit ip to $98,406 - 20% of the nearly $500,000 the team expects to leave in Utah.