NASCAR, film industry part of fiscal cliff deal [VIDEO]

By Elizabeth Erwin


Love it or hate it, you can’t deny NASCAR brings big bucks to our state, which is why workers at Phoenix International Raceway give a big thumbs up to the racetrack section of the fiscal cliff bill.  It’s the so-called NASCAR loophole that gives a tax break for any new racetracks built or any improvements made at current facilities, such as PIR.

“This is about jobs. It’s about people and that’s really what we want to do is just bring it home where it’s supposed to be,” said Arizona Film and Media Coalition President Mike Kucharo.

Kucharo is talking about another bullet point in the bill, the one that gives a tax break to anyone who shoots more than three-fourths of their movie or TV show in the United States.


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