Current:Home > StocksFilm and TV crews spent $334 million in Montana during last two years, legislators told -WealthMindset Learning
Film and TV crews spent $334 million in Montana during last two years, legislators told
View
Date:2025-04-23 11:50:34
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! (12664)
Related
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- Welcoming immigrants is key to this western Ohio city's housing success
- NFL MVP rankings: Lamar Jackson outduels Jayden Daniels to take top spot after Week 6
- Federal judge is skeptical about taking away South Carolina governor’s clemency power
- Chief beer officer for Yard House: A side gig that comes with a daily swig.
- Reliving hell: Survivors of 5 family members killed in Alabama home to attend execution
- 19 mayoral candidates compete to lead Portland, Oregon, in a race with homelessness at its heart
- When do new episodes of 'The Lincoln Lawyer' come out? Season 3 release date, cast, how to watch
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Mortgage company will pay over $8M to resolve lending discrimination allegations
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Montana Republican Gov. Greg Gianforte to debate Democratic rival
- There’s Still Time to Stock up on Amazon’s Best Halloween Decor—All for Under $50
- Feds: Cyber masterminds targeted FBI, CNN, Hulu, Netflix, Microsoft, X in global plot
- Senate begins final push to expand Social Security benefits for millions of people
- Taylor Swift releases Eras tour book, plus new bonus version of 'Tortured Poets' on CD and vinyl
- Mega Millions winning numbers for October 15 drawing: Did anyone win $169 million jackpot?
- Opinion: Former NFL player Carl Nassib, three years after coming out, still changing lives
Recommendation
Olympic disqualification of gold medal hopeful exposes 'dark side' of women's wrestling
Idaho will begin using deep veins as backup for lethal injection executions, officials say
Clint Eastwood's Daughter Francesca Eastwood Arrested for Domestic Violence
DeSantis praises Milton recovery efforts as rising flood waters persist in Florida
Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
Victoria's Secret Fashion Show: Tyra Banks Returns to Runway Nearly 20 Years After Modeling Retirement
'Inflation-free' Thanksgiving: Walmart unveils discount holiday meal options for 2024
Taylor Swift Assists With “Memories of a Lifetime” for Kansas City Chiefs Alum’s Daughter