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CA aims to double film tax credits amid industry decline

California legislators proposed a bill to increase film and TV tax credits, backing the governor's initiative.
High production costs, driven partly by housing, are causing film industry decline in California.
The bill includes a special provision allowing Los Angeles productions to claim refundable credits for 35% of costs.
Rob Lowe stated, it is cheaper to take 100 people to Ireland than film at Fox in Los Angeles.
The expanded tax credit program seeks to retain film production, but analysis suggests low returns on investment.

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CA aims to double film tax credits amid industry decline

(The Center Square) - California legislators have unveiled a bill to follow through with the governor’s plan of more than doubling the state’s film and TV production tax credits to $750 million.

1 day ago

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Amid movie industry decline, CA aims to double film tax credits to $750M

“California is the entertainment capital of the world – and we’re committed to ensuring we stay that way,” said Gov. Newsom.

1 day ago·Washington, United States

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KPOP HIT

"When Life Gives You Tangerines" Actress Moon So Ri Highlights The Painful Decline Of The Korean Industry

KPOP HIT %%POSTLINK% The film industry is unable to provide for actors like her. Moon So Ri, a highly acclaimed senior actress, film director, and screenwriter, recently discussed ... Read more Feed from “When Life Gives You Tangerines” Actress Moon So Ri Highlights The Painful Decline Of The Korean Industry on KPOP HIT.

20 hours ago

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