CAL GOVERNMENT GROUP SLAMS STATE’S FILM TAX INCENTIVES

A report by California’s nonpartisan Legislative Analyst’s Office questions the findings of the Los Angeles Economic Development Corp. and UCLA that supported the state’s tax incentive program. Far from resulting in growing revenue for the state as those findings concluded, the tax incentive program, it said, actually brings in “well under $1.00 for every tax […]

CALIF. TAX INCENTIVES NOT SO BIG A DEAL, SAYS STUDY

A UCLA study has challenged oft-cited estimates by the Los Angeles County Economic Development Corp. that for every incentive tax dollar earmarked to film producers to keep them from moving their productions out of state, it gains back $1.13. The new study concludes that the amount is actually only $1.04. Moreover, the study by UCLA’s […]

CALIFORNIA SAYS TAX INCENTIVES ARE DOING THEIR JOB

While some states are considering cutting back — or even eliminating — the tax incentives that they offer filmmakers, claiming that they’re losing more than they’re gaining from them, California claims that the relatively modest tax incentives that it offers are pumping $3.8 billion annually into the California economy and created 20,000 jobs during the […]

CALIFORNIA ASSEMBLY BOOSTS TAX INCENTIVES TO MOVIEMAKERS

It’s rare when Democrats and Republicans in the fractious California legislature see eye-to-eye on anything, but on Tuesday the state Assembly voted 72-1 to extend tax incentives for the movie and TV industries for five more years. The bill approves up to $500 million in tax credits aimed at countering even more lucrative tax bait […]