Most tax credits issued by the state to film production companies are sold to brokers, which then resell them at a profit to firms or wealthy individuals to slash their tax bills.
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I work in the movie industry and support the film tax credit. I was out of work for 16 months with my unemployment down to $68 a week, before getting six months of work this year. The movie RIPD has employed several thousand mass residents as crew, office staff and extras and spent millions of dollars in the Mass buying goods and services. Since Mass does not have a central sound stage hundreds of thousands of dollars are spent on locations, warehouse space (stage) and office space within the state of Mass. Each movie filmed here has a small core crew who live out of state and travel to Mass(including the stars) who then stay at Mass hotels, shop, eat meals, rent vehicles, purchase fuel, have other out of state friends and relatives visit spending more on hotels etc, etc all paying sales taxes and helping to keep other business growing and other residents working in Mass. The fact that the studios and many others in the state benefit from selling the credits reflects on them being smart and having the money to employ tax/legal staff to find any way possible to maximize profit.