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Latest Tax Credits News

breakingBusiness

Patrick Stewart’s ‘Star Trek’ Series, ‘Mayans M.C.’ & ‘Why Women Kill’ Score Tax Credits From California

Jean-Luc Picard Mayans MC

On Star Trek: The Next Generation, Patrick Stewart's Capt. Jean-Luc Picard was well known for telling his first officer to "make it so.” Well, it seems that the California Film Commission has followed the Enterprise commander's order to the lucrative letter in its latest round of small screen tax credits allocations. First announced on August 4 that The X-Men franchise alum would be back as Picard on a new CBS All Access expansion of the Trekverse, the "New Star Trek… Read

breakingBusiness

LeBron James’ ‘Space Jam 2,’ Dual Janis Joplin Pics & More Snag CA Tax Credits

LeBron James had a good night on Sunday with 51 points in the L.A. Lakers' 113-97 victory over the Miami Heat, but the Space Jam 2 star is having a very good Monday morning thanks to California's film and television tax credits program. Officially confirmed in September by the superstar, the  Ryan Coogler produced and Terence Nance directed sequel to the 1996 Michael Jordan starring Warner Bros pic was the big winner among the 15 big screen projects awarded incentives… Read

Business

‘Timeless’ Gets Film Commission Bragging Rights, Even Though It’s Canceled

Three full years into its $330 million annual expanded tax credits program, the California Film Commission has a fair amount to brag about, but Timeless probably shouldn’t be one of them. Having filmed in Vancouver for its first season and then rewarded with millions in relocating series incentives last year after being resurrected for a second season, the time-travel drama from Shawn Ryan and Eric Kripke gets a shout-out from the Amy Lemisch-run commission in a report… Read

Film

Fate Of Florida’s Decimated Film Industry Might Hang On Governor’s Race

The fate of Florida's film industry, decimated two years ago by the elimination of the state's film incentives program, might hang on the outcome of next week's gubernatorial contest. It's a tight race, and whoever wins – Democrat Andrew Gillum or Republican Ron DeSantis – will have to deal with a Republican-dominated Legislature that's adamantly opposed to film incentives. But industry sources in the Sunshine State clearly are pinning their hopes on Gillum, who has… Read

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