Permits issued for X-rated productions have fallen by 90% since 2012, when Los Angeles County voters passed Measure B in November of that year after a campaign contending that the law would protect performers from outbreaks of sexually transmitted diseases. The porn industry had opposed the measure, asserting that mandatory testing of actors for HIV was effective.
A first-time analysis of projects that applied to the Program but were denied due to insufficient availability of tax credits. Of those projects that were subsequently produced, a small minority elected to shoot in California without benefit of the Program. Instead, the overwhelming majority of projects denied for California tax credits opted to shoot outside the state in jurisdictions where tax credits are available.
Lockyer called taxes directed at higher income earners “unfortunate” and taxes were too high in California, a comment that drew applause by several of the executives in attendance.
Most film and television productions turned down for a subsidy from the state of California over a recent four-year period ended up shooting in other states or countries, according to a new report released Wednesday.
However, Tesla’s on-again, off-again gigafactory flirtations with its home state have exasperated some outspoken critics of the way that California does business. Venture capitalist Tim Draper has made Tesla’s rebuff of California a talking point for his controversial “Six Californias” initiative. Losing Tesla strikes him as a smack-your-forehead example of the state’s dysfunctional business and political culture.
Tesla Motors Inc. is taking a closer look at California to build a giant electric-car battery factory after state lawmakers proposed new tax breaks and regulatory changes that could speed its construction and lower costs.
The Lone Star State also had the highest total number of searchers from outside the state. Data gathered by Indeed.com’s research institute shows that people in California, Florida, Illinois, New York and Louisiana are all actively looking for jobs in Texas, with people in California and New York searching the most.
Energy, the economy and the environment – the three are inextricably linked. Energy prices impact the economy, but energy production impacts the environment.
This important interrelationship was understood to be fundamental to the formation of energy policy when each of us served as governor of California. It was true then, and it is true now. Because of this, effective energy policy in our state requires a careful balancing of coequal economic and environmental interests.
All well and good, but what about businesses that don’t qualify for tax credits? You would think legislators would recognize that with the rash of requests for tax help they are dealing with this year that something is wrong with the business climate.
On Thursday, Gov. Jerry Brown signed legislation creating a $420 million tax credit for aerospace contractor Lockheed Martin. The bill also includes a clause that could provide a tax sweetener for Tesla Motors, if the company decides to built its planned $5 billion factory in California.
A 4 percent sales tax credit on the sale of manufacturing and research and development equipment has gone into effect in California. The credit will last eight years.
America’s states and cities have traditionally tried to attract businesses by offering them tax breaks and other cash incentives. Yet there may be a more effective way, and one which puts no strain on stretched budgets: make life simpler.
Nearly 80% of the state was under “extreme” drought conditions in June, according to the latest U.S. Drought Monitor map. Within that area, the amount considered to be in the highest category of drought — “exceptional” — grew from 33% in May to 36%.
SAG-AFTRA and the Alliance of Motion Picture and Television Producers said late Monday night that they have agreed to a 24-hour extension of the film and TV contracts that were set to expire at midnight June 30.
Heading into the Fourth of July weekend, a gallon of regular gasoline on the West Coast averages a penny over $4, the highest price of any region in the country. Costly Alaskan oil is a key factor in these high gas prices, and that oil is gradually running out.