The proposed Ohio Sound Recording Investor Tax Credit would boost Ohio’s music industry the same way the Ohio Motion Picture Tax Incentive has stimulated film production here, say two state lawmakers, Cleveland.com reports. State Representatives Sarah LaTourette (R-Bainbridge Township) and Kent Smith (D-Euclid) said the OhioSounds program “would help Ohio recording studios, artists and producers and grow the industry here.” The $3 million per year program “would grant a 25 percent tax credit to music produced in the state” as well as “refund 25 percent of music studio construction and recording infrastructure costs, up to $50,000 per project.” Smith said the program would help bring back some of the creative talent that Ohio has been losing. For more, read the full article.
Lawmakers: music industry tax credit would bring jobs and talent to Ohio
