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Hooked on Hollywood dreams: As they angle for movie deals, states escalate the price of bait
By Sam Boykin Hollywood studio executives made Gov. Beverly Perdue an offer she couldn’t refuse. Upon returning from her visit to Los Angeles last month, she said film executives told her North Carolina wasn’t doing enough to win their business. Although the General Assembly, with Perdue’s vehement urging, increased the state’s tax credit for film and television production companies from 15 percent to 25 percent, she is now proclaiming that, to stay competitive, North Carolina must also eliminate limits on certain incentives that sweeten the state’s offer. North Carolina is caught up in an escalating incentives war as states try to one-up each other to entice Hollywood to sprinkle some of its magic dust within their borders.