Massachusetts Legislature Mulls Tax Breaks for Video Game Biz

The Boston Globe reports that the Massachusetts legislature is considering tax breaks for video game developers – but the proposal is far from a sure thing.

With more than a thousand people employed in the game biz, Massachusetts ranks fifth in the nation (behind California, Washington, Texas and New York). Turbine and Harmonix are among the state’s best-known video game companies.

The Globe describes the proposal, which also includes incentives for filmmakers:

The bill would have allowed companies to claim a tax credit for up to 20 percent of the cost of building, converting, or equipping a facility related to "video gaming," as the company invests at least $500,000.

 

It is unclear, though… whether the video game industry incentives will remain part of it. The bill, sponsored by Representative Ronald Mariano, Democrat of Quincy, was approved by the Legislature’s Joint Committee on Revenue last month on a 5-to-4 vote…

 

And even if the bill is approved, the video game provision could be missing from the final version.
 

 

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