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State Lawmakers Considering Tax Break For Music Industry

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The Ohio House is considering a bill giving a 25 percent tax credit to musicians who use Ohio recording studios for projects costing more than 10 thousand dollars. The bill caps the amount of credits at 1 million dollars, with a per-project cap of 75 thousand dollars.  Co-sponsoring Democratic State Representative Kent Smith says the state has a wealth of musical assets.

Smith says the legislation would give music producers public subsidies similar to the ones movie makers get through Ohio's Motion Picture Tax Credit.

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Smith says this version of the bill is different from one that failed to pass in 2015 because it has a lower cap and more sponsors.

Jim has been with WCBE since 1996. Before that he worked as a reporter at another Columbus radio station, and for three newspapers in Southwest Florida.
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