I'm beginning to lose all hope for a sane world.........
Quote: According to a measure, signed into law by then-Gov. Palin in 2008, crews filming in Alaska are eligible to receive subsidies for around 30 percent of their operating costs.
The Fairbanks Daily News-Miner reports:
The subsidies are in the form of transferable tax credits. Many of the companies claiming the tax credits do not have to pay much, if anything, in the form of Alaska taxes, so they sell the tax credits to companies. There have been reports the going rate is 80 to 90 cents on the dollar. Some have been sold the same day they were issued.
Quote: While many supporters of the measure have claimed that it produces tangible economic benefits, the Daily News-Miner reports that the actual analysis of its impacts has been minimal and inconclusive, even as Alaska considers legislation that would "allow the state to maintain secrecy on production information."
'Sarah Palin's Alaska' To Receive $1.2 Million In Tax Credits