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Connecticut News

Connecticut Auditors: Disney-Owned Company Received Millions In Improper Tax Credits

A character of Sid from the movie "Ice Age," whose studio allegedly received $49 million in improper tax credits.
TobyFl83, Public domain, via Wikimedia Commons
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A character of Sid from the movie "Ice Age," whose studio allegedly received $49 million in improper tax credits.

Connecticut state auditors say Greenwich-based Blue Sky Studios — the company behind "Ice Age" and other animated films — received $49 million more in state tax credits than it should have.

The report blames the state Department of Economic and Community Development. Blue Sky received more than $94 million in film production tax credits from 2017 to 2019.

Auditors said the company should have received digital animation tax credits that are capped at $15 million a year.

Economic development officials deny the credits were improper.

Blue Sky's owner, Disney, is closing the company this month and laying off more than 450 workers.