Connecticut Auditors: Disney-Owned Company Received Millions 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.