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Accounting for production spending going to in-state people and businesses versus out-of-state people and businesses, the film tax credit program resulted in $32.6 million in new spending for the Massachusetts economy. The film tax incentive program generated additional Massachusetts state GDP of $168.5 million and personal income of $25.2 million.
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 ...
The legislation also scales back the use of tax credits against the state’s corporation franchise tax, targeting incentives like those for recycling equipment and donations to public schools.
California Gov. Gavin Newsom on Sunday announced a proposal to more than double the state’s film and tax incentives, which he says will create more competition among other states and countries ...
Today the tax credit has expanded to $430 million per year through 2039 and in an effort to create a more inclusive workforce, and offers an additional incentive (2% or 4%) to productions that ...
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?
The governor declared his intent to expand the annual tax credit to $750 million, up from its current total of $330 million, which would make California the top state for capped film incentive ...
California Gov. Gavin Newsom signed a bill on Monday that extends the state’s $330 million tax incentive for film and TV production. The program will be extended for five years through 2030. For ...