DETROIT (AP) — A little-known state tax break for music producers could help put Motown back on the music map, but theDetroit Free Press says so far no one has taken advantage of it.
The state is offering tax credits of up to 42 percent for the production of music CDs and music videos. The break was designed to attract big-name artists to record in Michigan, which already is home to Eminem, Kid Rock and Bob Segar.
The tax credit has been available since April 2008, but no one has taken advantage of it apparently because it is so little-known.
Industry insiders like Brian Pastoria of Harmonie Park Studios say the incentive has potential to help grow the state’s music business.
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"The Michigan Film Production Services Company": Over 25 years of Experience in Film Production
Hello I am a music producer looking to further my career. If this tax credit will help me advance my music through the film industry and lead to a larger path of opportunities then I am very interested in further information.
Comment by Robin — July 23, 2010 @ 11:06 am