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Latest Tax Credits News

breakingBusiness

Great White North, Action: Canada Tops Feature Film Location For 1st Time, Says FilmLA

Hollywood Sign Welcome To Canada

The United States is reconsidering NAFTA and Donald Trump has started a trade war with Canada and personal attacks upon Prime Minister Justin Trudeau, but when it comes to Hollywood, the Great While North can declare victory. For the very first time Canada is the number one production location for movies, according to a FilmLA report released today looking at "the top 100 feature films at the domestic box office released theatrically within the U.S. during the 2017… Read

breakingBusiness

Gary Oldman’s ‘Flying Horse,’ Margot Robbie’s ‘Birds Of Prey’ & Ben Affleck’s ‘Has-Been’ Among 19 Films Snaring California Tax Incentives

Gary Oldman Ben Affleck Margot Robbie

The day after Comic-Con wrapped up, one of Batman's craziest nemesis, an Oscar winning former regular in Christopher Nolan's Caped Crusader franchise and the current Batman himself were among the big winners of the latest allocation of feature film tax credits from the state of California's $330 million annual program. Warner Bros' Margot Robbie led and Cathy Yan helmed Birds of Prey snagged the largest incentive this round of the 19 films given the nod by the Golden… Read

breakingFilm

Los Angeles On-Location Filming Down 5.2% In Q2, But FilmLA Says Tax Credits Are Working

Downtown Los Angeles

On-location filming in Greater Los Angeles slid 5.2% in the second quarter of 2018compared to the same time period last year. The downturn comes after a strong first quarter, but a dismal 2017, when ¬†feature films, TV pilots and reality shows all hit five-year lows despite the state's $330 million-a-year tax incentives program. The incentives program, however, is definitely having a positive impact on the number of shooting days for on-location films and TV drams shot in… Read

Business

MPAA Cheers Passage Of New Jersey Film And TV Tax Credits

MPAA chairman and CEO Charles Rivkin praised New Jersey’s passage last month of aggressive new film and TV production incentives, saying the new rules have unlocked interest from a range of major producers. In a statement today, Rivkin saluted New Jersey Gov. Phil Murphy for signing the new law creating a tax credit of up to 35% of qualified expenses related to film and TV production. Up to $75 million has been allocated in the state budget for the next five years to… Read

breakingBusiness

NBC’s ‘Good Girls’ & Lifetime’s ‘You’ Relocating To Cali Thanks To Tax Credit

California Film Commission Good Girls You

Just days after Gov. Jerry Brown inked an extension of California's $330 million film and television tax incentive initiative to 2025, the program is welcoming Good Girls and You to the Golden State. Pegging its progress in no small part to the rich pickings of plucking series from other jurisdiction to the home of Hollywood, the California Film Commission announced today that the Christian Hendricks' co-starring NBC show and the yet to debut Greg Berlanti produced Lifetim… Read

Business

Hollywood Unions, MPAA Laud 5-Year Extension Of California Film Incentives Program

Hollywood Sign

UPDATED with MPAA statement: Gov. Jerry Brown signed a a five-year extension of California's film incentives program Wednesday, extending the state’s production tax credit system to 2025. The move will provide an additional $1.65 billion to qualified film and TV shows shot in the state. The program was part of a¬†$139 billion state budget that marks Brown’s last as governor. The extension was greeted with euphoria by a coalition of industry unions including the Directors… Read

breakingBusiness

Jerry Brown Keeps California’s $330M Film & TV Tax Incentive Alive Until 2025

Hollywood Jerry Brown

With less than six months before his successor is elected, California Gov. Jerry Brown today extended one last gift to Hollywood with the signing of his last state budget and legislation to continue the $330 million film and television tax credit program. Inking the $201 billion budget Wednesday in Los Angeles, Brown didn't make any specific comments about the extension of the program until 2025, but he was on a swan-song roll worthy of a Tinseltown tentpole. "When I took… Read

breakingTV

WGA East Mounts New Effort To Boost TV Diversity In New York Through Tax Credits

The WGA East and its supporters in the New York state Legislature are taking another crack at a bill that would allocate $5 million in tax incentives to TV shows shot in the state that hire women and minority writers and directors. Unlike the bill that was vetoed in December by Gov. Andrew Cuomo, this incentive would be separate and apart from the state's $420 million a year film incentives program. Cuomo vetoed that last bill after finding that the current program is… Read

breakingBusiness

California’s $330M Film & TV Tax Incentive Poised For Extension To 2025

Five more years of California's annual $330 million in film and television incentives took a big step forward today. A rare unanimous vote in the state Senate in Sacramento passed legislation designed to extend the lucrative program until 2025. However, coming after a similar vote in the state Assembly earlier this week, that doesn't mean this is a totally done deal, yet. With the current program that was signed into law by Governor Jerry Brown in September 2014 not… Read

exclusiveBusiness

Anti-Sex Harassment Provision Added To Bill To Extend California’s Film Incentives

An amendment to a bill that would extend California's $330 million-a-year film incentives program would for the first time require applicants to submit a written policy against sexual harassment. If approved by the Legislature and signed by the governor, it would be the first time an anti-sexual harassment policy has been included in any state-sponsored film incentives program. AB 1734 (read it here), which recently passed two Assembly committees and now is on its way to… Read

Business

New Jersey’s $425M Tax Plan Aims To Get State Back In Film And TV Game

After seven years without offering tax incentives for film and TV production, New Jersey is poised to implement aggressive new benefits to producers that would be worth up to $425 million over five years. Proponents and observers of the humming production scene in and around New York City say the move is likely to trigger more shoots in the state and the construction of new studio space. Democratic legislators in New Jersey passed a bill that would extend credits of up to… Read

breakingFilm

‘Ford Vs. Ferrari’, ‘Coming To America’ Sequel, ‘Scarface’ And ‘Deadwood’ Movie Among New State Tax Credit Recipients

Coming To America

20th Century Fox’s Ford vs. Ferrari directed by James Mangold, the Eddie Murphy-starring sequel to Coming to America and Antoine Fuqua’s reimagining of Scarface are among the big-budget feature films to score allocations in the latest California Film and Television tax credit drawings. Jordan Peele’s new film and HBO’s Deadwood movie also scored conditional funding slots in the latest round unveiled today. The round totals nine projects, including seven studio-based films… Read