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Gov. Gavin Newsom unveiled plans over the weekend to raise the cap on California's film and TV tax credit program. Will it save Hollywood from ruin?
Gov. Gavin Newsom unveiled a proposal on Sunday to increase California’s film incentive to $750 million, responding to calls to boost the struggling industry. At an event at Raleigh Studios in ...
Movie Production Incentives (MPIs): "Movie Production Incentive" is any incentive states offer filmmakers to encourage film production in-state. [6] Tax Credits: Tax credits can remove a portion of the income tax owed to the state by the production company, but since most production companies are limited purpose business entities they often ...
The state did curtail its film incentive from $150 million annually to $125 million, as part of a broader reform to reduce personal and corporate income tax rates.
California Gov. Gavin Newsom on Sunday announced a proposal to more than double the state’s film and tax incentives, ... Film and TV production in California supports more than 700,000 jobs and ...
California's film and TV tax credit program was established in 2009 as a way to prevent film and TV production from fleeing to other states. Back then, the credit was restricted to $100 million ...
FilmLA, the quasi-public agency that handles film permits in Los Angeles, called on Wednesday for a “vast expansion” of the California production incentive, citing a 20% drop in local filming ...
California’s expanded production tax incentive program has resulted in nearly $6 billion in in-state spending over the past three years, a report released Friday showed. The California Film ...