Insurance companies received $57M in Connecticut film tax credits

Insurance companies received $57M in Connecticut film tax credits

More than $68 million in film tax credits were claimed in 2023, with insurance companies claiming most of them, according to the Fiscal Year 2024-2025 Annual Tax Report issued by the Connecticut Department of Revenue Services. Of the $208.2 million in total tax credits claimed in 2023, the Film and Digital Media Production tax credit accounted for $61.1 million and the Film Infrastructure tax credit accounted for another $6.8 million. Those tax …