Click to Skip Ad
Closing in...

Latest Tax Credits News

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

Business

Amazon’s ‘Sneaky Pete’ Expected To Get A Season 3 After Securing California Relocation With TV Tax Credit

Sneaky Pete

Amazon’s Sneaky Pete will move production from New York To California for what now is likely its upcoming third season after being conditionally approved for $9.2 million worth of Golden State tax credits, highlighting the latest round of TV project allocation from the state’s expanded Film & TV Tax Credit Program. The California Film Commission’s latest TV application period, held February 12-16, was open only to relocating series and recurring series already accepted… Read

exclusiveAwards News

Films Subsidized by California Tax Credits Barely Register at Oscars

Roman J. Israel, Esq.

California's film incentives have been good for Hollywood, but they've barely made a blip at the Oscars. In the last five years, only one of the 43 films nominated for Best Picture received tax credits from the state. That film, Her, received nearly $2.5 million in incentives. Of the nine films Oscar-nominated for Best Picture this year, only Lady Bird was filmed in Los Angeles, but it didn't receive any of the state's film incentives. The same was true last year, when La… Read

breakingFilm

On-Location Filming In L.A. Fell 3.4% Last Year Despite Tax Credits

Downtown Los Angeles

On-location filming took a nosedive in Los Angeles last year, with feature films, TV pilots and reality shows all hitting five-year lows despite the $330 million in annual tax incentives offered by the state. Compared to 2016, the number of on-location shooting days on feature films fell by 19.8%; TV shows were down 7.6%; Web-based TV shows slipped 9.2%, and TV pilots plummeted 40.2%. Check out the report in chart form here. Despite the gloomy numbers, 2017 proved to be… Read

Business

California Tax Incentives Produced Only One Golden Globe Winner

Hollywood Sign

California spent $330 million last year to keep films and TV shows shooting in the state, but the projects it subsidized barely made a blip at the Golden Globes. Of the statuettes handed out in 25 categories Sunday night, only one went to someone associated with a project that received California tax incentives. That sole winner was Sterling K. Brown, who took the Globe for best actor in a TV drama series for NBC’s This Is Us. His show got more than $9 million in tax… Read

exclusiveBusiness

California Film Commission Names PMK*BNC’s Michael Nyman As New Chair

California Film Commission logo

EXCLUSIVE: Michael Nyman, co-chairman and CEO of public relations firm PMK•BNC, is the new chair of the California Film Commission, which administers the state's $330 million annual film incentives program and is charged with stemming the flow of runaway production. Formerly the commission’s vice-chair, he takes over for Steve Dayan, the secretary-treasurer of Hollywood’s Teamsters Local 399, who was appointed to the commission in 2011 by then-Gov. Arnold Schwarzenegger… Read

exclusiveBusiness

U.S. Virgin Islands’ Film Industry Open For Business After Dual Category 5 Hurricanes

Slammed by back-to-back Category 5 hurricanes in September, the film industry in the U.S. Virgin Islands slowly is struggling to get back on its feet. "We got hit by Hurricane Irma and then two weeks later by Maria," said Luana Wheatley, director of the islands' film office. "That set us back, but we're open for business. The goal of this office is to put people to work and have an economic impact." The islands' stunning locations have long been a draw to Hollywood… Read

breakingBusiness

New York Governor Vetoes TV Diversity Tax Credit Bill; Program Is “Oversubscribed,” Andrew Cuomo Says – Update

UPDATED with governor’s comments, 2 PM: New York Gov. Andrew Cuomo has vetoed a bill that would have linked the state's film incentives to diversity hiring in the state’s TV industry. The bill, which sailed through the state Legislature, would have allocated up to $5 million for companies that hire female and minority TV writers and directors. In vetoing the bill, Cuomo wrote that the state's $420 million film incentives program already is "extremely oversubscribed" and… Read