UPDATE: HBO, City Of LA, & Unions Praise Passage Of New Film & TV Tax Credit Bill

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Don't Play The Film & TV Tax Credit Blame Game

Production is flowing out of the home of Hollywood as politicians seek to expand California’s 5-year old $100 million Film and TV tax credit program. Next week, new applicants will be picked by lottery for the upcoming year. Deadline’s Dominic Patten explains while there is lot of blame to go around from the loss of jobs and the sad state of the industry in California, don’t blame Canada.

UPDATED, 3:18 PM: The California Film and Television Production Alliance has weighed in with its support for today’s Assembly vote to expand California’s $100 million Film and TV Tax Credit program. “The strength of the unanimous vote demonstrates the Assembly Members’ clear understanding of the vital economic importance of the motion picture industry to California and their determination to return this state to a competitive position,” reads a statement from the coalition of guilds, unions, producers, small businesses and associations that promotes TV production in California. Its members include the Television Academy, SAG-AFTRA, CBS Studios, HBO, PGA, MPAA, DGA, Disney, more than 30 California cities and dozens of other groups. Read the full statement below the original post.

PREVIOUSLY, 1:38 PM: It’s not yet the law of the state, but efforts to expand California’s $100 million Film and TV Tax Credit program took a legislative leap forward today. In the midst of a bill-passing frenzy, the state Assembly voted overwhelmingly for legislation that hopes to halt production flooding out of the home of Hollywood. Introduced in late February, the multi-sponsored Film and Television Job Creation and Retention Act drew 62 yes votes from Assembly members in the chamber with zero opposed. Another 9 votes were added to the bill afterwards, as the Assembly’s rules allow, bringing the total to 71. The state Assembly has a total of 80 members. 

Related: Where Hollywood’s Union Jobs Are Going: Call These States The Runaway 3

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This article was printed from https://deadline.com/2014/05/california-film-tv-tax-credit-bill-assembly-legislature-vote-736948/