MPPIA Welcomes Provincial Government’s Growth Strategy for BC Screen Production
The Motion Picture Production Industry Association of BC (MPPIA) welcomed the BC Liberal Government’s 2015 budget commitment to sharpen British Columbia’s competitive position in motion picture production with strategic enhancements to industry tax policy.
Effective (where principal photography begins on or after) March 1, 2015, the present Digital Animation & Visual Effects (DAVE) tax credit will be expanded to capture post production services in BC, effectively positioning the post production sector to help drive job and economic growth. In addition, the BC Interactive Digital Media tax credit is extended for three years to August 31, 2018.
a�?BC’s industry tax policy is tied to jobs and the expansion of DAVE will drive growth by capitalizing on our under-utilized market strengths in post production,a�? said MPPIA Chair Peter Leitch. A�A�a�?We look forward to working closely with government to execute a strong public-private strategy that ensures our screen based industries play a leading role in the futureA� of British Columbia’s creative economy,a�? Leitch added.
The BC motion picture production sector stands among the best in the world and A�generates in excess of $1 billion in revenue annually as part the province’s estimated $4 billion dollar creative economy.
MPPIA is a member-based, non-profit society established in April 2002 to grow, diversify and promote a competitive and sustainable motion picture production industry in British Columbia.
For more information contact:
Leslie Wootton, MPPIA Communications