The REMI model simulated the structure of and interrelationships among the various parts of the Massachusetts economy with the purpose of assessing the major benefits of the recently-enacted (2006) film industry tax incentives. The tax incentives provided gradually increasing returns in wages paid, state gross domestic product, personal income, additional direct full-time equivalent jobs, and new economic activity. These tax credits also assist in reducing Massachusetts’ tax collections by at least $112-$117 million by the end of its 10th financial year as law.
