NMBA to urge preservation, reform of new media tax credit through lobby effort
News | 02/20/2004 5:00 am EST
A new and likely overdue effort to reform Ontario’s main support mechanism for the development of new digital products – the Ontario Interactive Digital Media Tax Credit (OIDM) – is now underway as the New Media Business Alliance (NMBA) is spearheading a lobby effort to fix perceived problems with the credit. Within a short time, the NMBA is set to write to the province’s Ministry of Finance with an urgent message that the tax credit should be maintained through possible government cutbacks. The lobby group also hopes to meet with government officials to make both long- and short-term changes to the tax credit, which to date has been ineffective, according to producers.