Latest in Tax Credits

UPDATED, 1:44 PM: Hurray for Hollywood indeed! In the heart of the home of the movies, California Gov. Gavin Newsom on Wednesday put pen to paper and made the new $330 million increase in California’s film and television tax incentives a reality. Facing a recall election in September, the longtime studio-friendly…

The film and television industry pumped a record-setting $4 billion in direct spending into Georgia's economy over the past year, despite the pandemic and in spite of calls earlier this year for a business boycott of the state because of its restrictive new voter law. According to the Georgia Film Office, 366…

The Golden State is about to hand out lots more gold to Hollywood, if a newly proposed legislative effort secures Gov. Gavin Newsom's signature. A bill revealed Sunday night in the state Legislature (read it here) would see cash-flush California add $330 million to its film and TV credits, with $150 million of that…

(Updated with revised budget information) Flying high on a vaccinated California opening up and ramping up economically, Gavin Newsom today gave the Golden State's efforts to attract more Hollywood business a shot in the arm. A $30 million dollar shot in the Film and TV tax credit arm to be exact. Handing out billions…

The Flight Attendant and Chad are swooping in to the Golden State for their second seasons. As Hollywood production kicks back into full gear from the coronavirus, the California Film Commission said Monday that HBO Max’s Kaley Cuoco-starring thriller and TBS’ Nasim Pedrad-created and -starring sitcom have been…

EXCLUSIVE: Forest Road Company, the film financier and tax credit specialist, is creating an NFT platform to help independent producers as well as Hollywood studios monetize content. The firm said Tuesday that alongside its investors it will spend an initial $20 million to launch the platform using the latest…

Dangling $86.9 million in front of some big-ticket projects from Oscar winners and former Desperate Housewives, the California Film Commission was feeling particularly generous this morning. Joel and Ethan Coen's new Scarface, the Eva Longoria helmed Flamin Hot, Steven Soderbergh's HBO Max-set KIMI with Zoë Kravitz, wh…

A Zoom press conference Tuesday featuring California Film Commission director Colleen Bell and Dee Dee Myers, the state's newly appointed director of the Governor’s Office of Business and Economic Development, was disrupted by a Zoom-bomber who spewed racist and sexist profanities, accompanied by fits of loud…

New York Governor Andrew Cuomo said the state's budget for 2021 includes $130 million for what he calls a Pandemic Recovery and Restoration Program to support arts and entertainment, hotels and restaurants hit by Covid-19. He presented two versions of the budget document, the working one assumes the federal government…

When this is all over—Covid, unrest, financial reconstruction—will Los Angeles still be the Movie Capital? Perhaps not. This week, the Federal Emergency Management Agency put Los Angeles County at the top of its new National Risk Index, which calculates danger from natural disasters like earthquakes, fire and flood…

As television production continues to ramp up in Hollywood and coronavirus cases surge in America, Hunters and The Right Stuff are heading out West thanks to some generous tax credits from the state of California. Amazon Prime's drama series about chasing Nazis and the latest adaptation of Tom Wolfe's space race novel…

Several major films primed to begin production just got some big bucks to shoot in California. Netflix's Russo Brothers-directed The Gray Man, the Jessica Chastain-starrer Losing Clementine and an untitled Jordan Peele project for Universal were among nine films allocated $50,053,000 collectively in the last round of…