NASCAR, film industry part of fiscal cliff deal - WTVM.com-Columbus, GA News Weather & Sports

NASCAR, film industry part of fiscal cliff deal

PHOENIX (CBS5) -

Love it or hate it, you can't deny NASCAR brings big bucks to our state, which is why workers at Phoenix International Raceway give a big thumbs up to the racetrack section of the fiscal cliff bill.  It's the so-called NASCAR loophole that gives a tax break for any new racetracks built or any improvements made at current facilities, like PIR.

"This is about jobs. It's about people and that's really what we want to do is just bring it home where it's supposed to be," said Arizona Film and Media Coalition President Mike Kucharo.

Kucharo is talking about another bullet point in the bill, the one that gives a tax break to anyone who shoots more than three-fourths of their movie or TV show in the United States.

"Oh it's critical. I mean, this is one of the industries that brings millions and millions of dollars into the state every year," Kucharo said.

Movies like Everything Must Go with Will Ferrell and The Kingdom with Jamie Foxx and Jennifer Garner were shot in Arizona.  Kucharo said incentives like the one in the fiscal cliff legislation will keep production crews looking stateside for their big budget projects.

"Even as contentious as the Congress has been over most things, they just passed something that extends motion picture credits. So on the national level they understand the importance of this," he said.

Kucharo said he hopes that mentality will trickle down to state lawmakers.  Arizona has voted down legislation that would give tax credits for filmmakers here in the past.

"We're thinking now with a new legislature, new people in that, we're probably going to have a chance to actually go in and show the benefits of this," Kucharo said.

Copyright 2013 CBS5 (KPHO Broadcasting Corporation). All rights reserved.

  • LocalMore>>

  • APD arrests man for burglarizing N. Donahue Dr. home

    APD arrests man for burglarizing N. Donahue Dr. home

    Thursday, March 30 2017 12:24 PM EDT2017-03-30 16:24:38 GMT
    (Source: Auburn Police Department)(Source: Auburn Police Department)

    Auburn police have arrested a man on robbery and burglary charges.

    More >>

    Auburn police have arrested a man on robbery and burglary charges.

    More >>
  • SEGMENT: Ace: The Eugene Bullard Story

    SEGMENT: Ace: The Eugene Bullard Story

    Thursday, March 30 2017 1:02 PM EDT2017-03-30 17:02:38 GMT
    (Source: WTVM File)(Source: WTVM File)
    COLUMBUS, GA (WTVM) – It's the story of a Columbus kid who leaves home and eventually becomes the world's first black fighter pilot. You can see it on stage in a play called Ace: The Eugene Bullard Story. Playwright Natalia Naman Temesgen stopped by WTVM to tell us all about it. Ace: The Eugene Bullard Story will be shown at the McClure Theater at the Springer Opera House at the following times: March 30-April 1 at 7:30 p.m. April 2 at 2:30 p.m. April 6-8 at 7:30 p.m. ...More >>
    COLUMBUS, GA (WTVM) – It's the story of a Columbus kid who leaves home and eventually becomes the world's first black fighter pilot. You can see it on stage in a play called Ace: The Eugene Bullard Story. Playwright Natalia Naman Temesgen stopped by WTVM to tell us all about it. Ace: The Eugene Bullard Story will be shown at the McClure Theater at the Springer Opera House at the following times: March 30-April 1 at 7:30 p.m. April 2 at 2:30 p.m. April 6-8 at 7:30 p.m. ...More >>
  • UPDATE: Victim ID'd in deadly Phenix City shooting

    UPDATE: Victim ID'd in deadly Phenix City shooting

    Thursday, March 30 2017 12:06 PM EDT2017-03-30 16:06:06 GMT
    (Source: Rico Mitchell/WTVM)(Source: Rico Mitchell/WTVM)

    The Russell County Coroner's Office has identified the man killed in a shooting Wednesday night in Phenix City. 

    More >>

    The Russell County Coroner's Office has identified the man killed in a shooting Wednesday night in Phenix City. 

    More >>
Powered by Frankly