New Tax Credit to Boost California Film Production

New tax credit to boost California film production

There is some optimism that the decline in film and television production in California may be reversed. Gov. Gavin Newsom announced new efforts to lure productions back to the Golden State on Monday, elaborating that California has selected 48 projects to receive tax credits as long as they're filmed within the state. “California didn’t earn its role as the heart of the entertainment world by accident — it was built over generations by skilled …

LA scores big in new round of California film tax credits

More than half of 48 new film projects awarded California tax credits are expected to shoot in the Los Angeles area, with the full slate projected to generate $664 million in production spending statewide, Gov. Gavin Newsom announced Monday. The governor said that 43 of these projects are independent films. Altogether, the films are expected to hire 6,515 cast and crew members, as well as 32,000 background performers (measured in days worked), a…

LA scores big in newest round of film tax credits

LOS ANGELES — More than half of 48 new film projects awarded California tax credits are expected to shoot in the Los Angeles area, with the full slate projected to generate $664 million in production spending statewide, Gov. Gavin Newsom…

Newsom announces 48 new projects to film in California thanks to the state’s Film & Television Tax Credit Program

SACRAMENTO – Governor Newsom today continued his work in protecting film production jobs in Los Angeles and across the state with a new round of 48 projects approved for the California Film Commission’s Film and Television Tax Credit Program. Governor Newsom recently proposed to double down on this vital program, by expanding the tax credit from $330 million to $750 million to help boost this iconic industry and production in California.“Califor…