A bill to more than triple California’s film-tv tax credit program from $100 million to $330 million a year has cleared its final legislative hurdle and is headed for the desk of Gov. Jerry Brown.
The State Assembly approved Ab 1839 late Friday night, following the State Senate’s approval in the afternoon — two days after Brown and legislative leaders had worked out a compromise that reduced the annual allocation from $400 million to $330 million.
That’s still short of the $420 million offered by New York each year but backers assert it will enable California to remain a leading production center and compete more effectively against Georgia, Lousiana and New York. The new bill will expand the program to offer credits of 20% and 25% to most one-hour network TV dramas, movies with budgets over $75 million and one-hour TV pilots.
The new program, which will go into effect in the 2015-16 fiscal year for five years,...
The State Assembly approved Ab 1839 late Friday night, following the State Senate’s approval in the afternoon — two days after Brown and legislative leaders had worked out a compromise that reduced the annual allocation from $400 million to $330 million.
That’s still short of the $420 million offered by New York each year but backers assert it will enable California to remain a leading production center and compete more effectively against Georgia, Lousiana and New York. The new bill will expand the program to offer credits of 20% and 25% to most one-hour network TV dramas, movies with budgets over $75 million and one-hour TV pilots.
The new program, which will go into effect in the 2015-16 fiscal year for five years,...
- 8/30/2014
- by Dave McNary
- Variety - Film News
Similar News
“I had a hard time making it as an actor”: Sylvester Stallone and Taylor Sheridan Are More Similar Than Fans Realize
- 4/24/2024
- by Rahul Thokchom
- FandomWire
How Schwarzenegger, Sly Stallone battled over fat levels, body counts in their films
- 4/24/2024
- by Agency News Desk
- GlamSham
Arnold Schwarzenegger Reveals His Machiavellian Sabotage of Sylvester Stallone in TMZ Special
- 4/24/2024
- by Kevin Dolak
- The Hollywood Reporter - Movie News
California Boosts Film & TV Tax Credits To $660M As Governor Newsom Signs Temporary Increase Into Law – Update
- 7/21/2021
- by Ted Johnson and Dominic Patten
- Deadline Film + TV
Colbert Clears Up Trump’s Confusion About California Town Devastated by the Camp Fire (Video)
- 11/20/2018
- by Ross A. Lincoln
- The Wrap
TV Series ‘Good Girls,’ ‘You’ Relocate to California to Receive Tax Credits
- 7/2/2018
- by Dave McNary
- Variety Film + TV
Dianne Feinstein Will Not Seek Another Senate Term In 2024
- 2/14/2023
- by Ted Johnson
- Deadline Film + TV
Karen Bass Launches Bid For Mayor Of Los Angeles
- 9/27/2021
- by Ted Johnson
- Deadline Film + TV
Hollywood Favorite Gavin Newsom Secures Spot In Election For California Governor
- 6/6/2018
- by Dino-Ray Ramos
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
’28 Years Later’ Adds Aaron Taylor-Johnson, Jodie Comer and Ralph Fiennes
- 4/24/2024
- by Katcy Stephan
- Variety Film + TV
American Black Film Festival 2024 Lineup Includes Vivica A. Fox and Jussie Smollett-Starring Drama (Exclusive)
- 4/24/2024
- by Angelique Jackson
- Variety - Film News
‘Wednesday’ Season 2 Casts Thandiwe Newton (Exclusive)
- 4/23/2024
- by Joe Otterson
- Variety - TV News
Terry Carter, ‘Battlestar Galactica’ and ‘McCloud’ Actor, Dies at 95
- 4/23/2024
- by Lexi Carson
- Variety - Film News
‘Inside Gaza,’ ‘Edgar Hilsenrath the Masturbator’ Among 2024 Pitch Projects at Sunny Side of the Doc
- 4/25/2024
- by Naman Ramachandran
- Variety - Film News
’28 Years Later’ Adds Aaron Taylor-Johnson, Jodie Comer and Ralph Fiennes
- 4/24/2024
- by Katcy Stephan
- Variety Film + TV
Julio Torres's "Problemista" Shows the US Immigration System Is a Relentless Maze
- 4/24/2024
- by Johanna Ferreira
- Popsugar.com
Chuwi Is the Voice of a New Puerto Rican Generation
- 4/23/2024
- by Juan Arroyo
- Popsugar.com
Camila Mendes on Why We Need More Latine Representation in Rom-Coms
- 4/22/2024
- by Brenda Barrientos
- Popsugar.com
Saraciea Fennell: "The Black Girl Survives in This One" Is the Representation I Didn't See in Horror Books
- 4/22/2024
- by Saraciea Fennell
- Popsugar.com
Every Zendaya Role Ranked: ‘Challengers,’ ‘Dune,’ ‘Euphoria,’ and More
- 4/25/2024
- by Wilson Chapman
- Indiewire
Rushes | Participant Shutters, Hollywood Rebounds, Scorsese’s Sinatra
- 4/24/2024
- MUBI
Mark Ruffalo Says He Is Recognized ‘Way More’ for ’13 Going on 30′ Than for MCU’s Hulk
- 4/24/2024
- by Samantha Bergeson
- Indiewire
Accident Video on ‘The Pickup’ Set Shows Vehicles Flipping Over
- 4/24/2024
- by Brian Welk
- Indiewire
The 12 Best Tennis Movies, from ‘Strangers on a Train’ to ‘Challengers’
- 4/24/2024
- by Wilson Chapman and Mark Peikert
- Indiewire
’28 Years Later’ Adds Aaron Taylor-Johnson, Jodie Comer and Ralph Fiennes
- 4/24/2024
- by Katcy Stephan
- Variety Film + TV
American Black Film Festival 2024 Lineup Includes Vivica A. Fox and Jussie Smollett-Starring Drama (Exclusive)
- 4/24/2024
- by Angelique Jackson
- Variety - Film News
‘Inside Gaza,’ ‘Edgar Hilsenrath the Masturbator’ Among 2024 Pitch Projects at Sunny Side of the Doc
- 4/25/2024
- by Naman Ramachandran
- Variety - Film News
Tomorrow’s Freedom review – does this man know the way to peace in Israel and Palestine?
- 4/25/2024
- by Peter Bradshaw
- The Guardian - Film News
The Story Collective producers launch film and TV studio complex in southwest London (exclusive)
- 4/25/2024
- ScreenDaily
‘Wednesday’ Season 2 Casts Thandiwe Newton (Exclusive)
- 4/23/2024
- by Joe Otterson
- Variety - TV News
Terry Carter, ‘Battlestar Galactica’ and ‘McCloud’ Actor, Dies at 95
- 4/23/2024
- by Lexi Carson
- Variety - Film News
Mr. Jost Goes to Washington, Like So Many Late Nighters Before Him
- 4/25/2024
- by Bill Carter
- LateNighter
Weds Night Monologues: Ukraine Aid and Kanye Porn
- 4/25/2024
- by Dennis Perkins
- LateNighter
‘Not Dead Yet’: Gina Rodriguez Shares Hopes for Season 3
- 4/25/2024
- TV Insider