HALIFAX – There appear to be different interpretations over what was agreed to in a meeting between Nova Scotia’s finance minister and film industry representatives trying to limit proposed changes to a film tax credit.
A nine-person industry group that met today with Diana Whalen says it believes there is recognition that the proposed change to cut the refundable portion of the tax credit by 75 per cent is not workable.
But Whalen says she only acknowledged that the industry has a problem with the changes and the government does not.
She says the sides have agreed to meet again and are searching for some sort of common ground.
Premier Stephen McNeil says any change to the structure of the tax credit would have to be done within the pool of money made available in the budget.
That amount will see the credit cut from 24 million dollars to just six million in next year’s budget, while film producers would also have access to an additional six million established in a fund for the creative sector.