So, if the production company that filmed the reality show got a $1.2 million tax credit, then that means that it spent at least $4 million in production costs in the state of Alaska, which generated tax revenues and other income in the state. Sounds like the incentive program worked.
Only one slight modification to your statement. “Which generated tax revenues and other income in the state.”
To quote Mrs. Palin: “Keep in mind that we don’t have a state income tax, state sales tax, or state property tax in Alaska. Our state government is predominately funded by oil and gas revenue. Essentially we are using revenue generated from the development of Alaska’s natural resources”
So the state government itself likely didn’t make money directly through taxes by the production if the above statement is take as an absolute.