Gov. Perdue To Sign Economic Incentives Bill

Film companies and video game producers that operate in North Carolina could benefit from an economic incentives bill ready to become state law.

Gov. Beverly Perdue prepared to sign into law on Thursday a bill that would expand tax breaks and credits to a host of companies that recruiters want to do business in the state. Perdue planned to tour the Cary headquarters of a video game developer before the bill-signing ceremony.

Perdue asked for the more generous credits for production companies because she says they'll help North Carolina compete with other states that want movies made within their boundaries.

Perdue also plans to sign another bill into law that creates a certain kind of limited liability company formed for both business and charitable purposes.

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  • by Dave Location: Wilson on Jul 22, 2010 at 07:05 AM
    Kimo you get more companies with reducing their taxes. Then they come in a hire people. North Carolina has been following the New Jersy and Michigan model on how to run companies out of your state. We have the highest taxes in the South and some of the highest in the country. Instead of these piece meal efforts they need to lower all corporate taxes and get some companies back into the state. Just like you can not spend your way into prosperity you can also not tax your way into prosperity. Anything you tax you get less of.
  • by Justice on Jul 22, 2010 at 07:02 AM
    Another example, unequal treatment of businesses. Rape the small business, and give it to the big businesses.
  • by Kimo Location: Belhaven on Jul 22, 2010 at 05:43 AM
    California and New York (and others) have proved that you can't spend your way to prosperity - so what do we do?? We try to buy our way to prosperity with idiotic tax breaks for companies who have more resources than anyone can count. At the same time, we want to increase taxes on the so called "rich". Way to go, Bev.

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