Economic and Fiscal Impact of Film Tax Credits in Kentucky

The Challenge

Kentucky’s Tourism, Arts, and Heritage Cabinet administers the State’s film tax credit program. Since its implementation in 2009, the incentives offered have undergone several iterations of changes. Kentucky sought an understanding of the program’s impacts and the differences in impact across program iterations.

The Solution

Camoin Associates was retained to conduct an economic and fiscal impact analysis of the film tax credit program in the State of Kentucky over three time periods: 2009-2015, 2015-2018, and 2018-2020. Camoin Associates also analyzed the program’s ancillary impacts on education, infrastructure, and tourism. Using the results of this analysis, Camoin Associates calculated the overall return on investment (ROI) to the state.

The Impact

Through a process that included research, interviews, and economic modeling, Camoin Associates quantified the economic impacts and ROI of the credits over each of the three time periods. Annual average impacts of each iteration of the film tax credit program were also calculated to help compare the impacts.

The results were presented in a comprehensive report and an infographic executive summary format and are being used to promote the program and industry to legislators and the public.

Services Provided:

• State tax credit program analysis
• Data collection and analysis
• Economic and fiscal modeling
• Ancillary impact analysis

Learn more about our impact analysis services