Puerto Rico woos Hollywood with more tax breaks
Puerto Rico is luring TV and film crews to the island with tax breaks. Episodes for Showtime's The Big C" have been filmed there.
SAN JUAN, Puerto Rico — Puerto Rico's governor has signed another package of tax breaks aimed at luring more Hollywood film crews to the Caribbean island.
Gov. Luis Fortuno says the additional incentives will make the U.S. island territory among the most attractive locales for film production crews.
The incentives will provide film studio tax credits for money spent on non-resident actors, writers, directors and other talent. Previous legislation already created tax credits for hiring Puerto Rican residents.
Many U.S. states have similar programs to entice film crews.
Fortuno says incentives in place since March 2011 have resulted in about 30 productions coming to the island, generating about $80 million in investment. Recent examples include television episodes for Showtime's "The Big C" and the movie "Runner, Runner" with Ben Affleck and Justin Timberlake.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close