NC Incentive for Filmmakers Grows 10%

North Carolina Governor Bev Perdue just signed into law a 25% increase in incentives for the movie industry to shoot in the Tarheel State. From Variety:

North Carolina has bumped its film production tax incentive from 15% up to 25% or a maximum credit of $7.5 million.Film industry dollars have been ebbing from the state's coffers over the last few years, with neighboring Tennessee, South Carolina and Georgia offering tax breaks as high as 32%.

On Thursday, however, Gov. Bev Perdue signed into law a bill increasing the incentive -- which North Carolina Film Office director Aaron Syrett said will help breathe life back into the state's struggling economy.

The tax credit covers all expenditures for a production made in the state; it is not limited to credits for below-the-line spending, as is the case for many other filming incentives in other states.

Nikke Finke adds on Deadline Hollywood Daily adds that North Carolina is home to one of North America's largest sound stages, and that the owner of said sound stage, EUE/Screen Gems, is now exploring expansion options in Charlotte. The incentive goes into effect Jan. 1, 2010.