Geauga Lake has sat vacant for years, but steps have been taken to transform the old amusement park into a potential sound stage setting for movie production.
At Cleveland Comic Con, Ivan Schwarz, director of the Greater Cleveland Film Commission, said they are working on legislation to raise the motion picture tax incentive from $20 million to $75 million per year.
The Ohio House of Representatives has already been presented with a bill, Schwarz tells WKYC Channel 3’s Hilary Golston.
According to Midwest Movie Maker, “the Ohio Film Tax Credit provides for a refundable credit against the corporation franchise or income tax for motion pictures produced in Ohio. The tax credit is equal to 25 percent of non-wage and nonresident wage Ohio production expenditures and 35 percent of Ohio resident wage production expenditures. Up to $5 million in credits is available per production.”
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source: Wkyc.com
