California extends film and TV tax credit program to 2025

In a major win for the local movie and TV production industries, California has extended the state’s film tax incentive program to 2025, adding five years to the program that has helped stem the tide of runaway productions to states including Georgia, Louisiana and New York.

The measure, which was part of Gov. Jerry Brown’s $201.4-billion budget plan that was signed Tuesday, will maintain the $330 million in annual tax credits handed out to selected productions. But it includes more tax credits for independent films and additional incentives for projects that hire labor outside the 30-mile radius around Los Angeles.

View Article