Alaska film tax credit program coming to an end after paying out $50 million

JUNEAU (AP) — It's a wrap for Alaska's film tax credit program.

Gov. Bill Walker on Monday signed into law legislation repealing the program, established in 2008 as a way to encourage the growth of the film industry in Alaska. More than $50 million in credits have been paid out since 2009, when the program took off, and an estimated $30 million in preapproved credits are pending that the state has said it is committed to honoring, the former executive director of the Alaska Film Office, Kelly Mazzei, said Tuesday.

Before lawmakers approved the bill repealing the program in April, it appeared o...