Latest in California Production Tax Incentives

On Thursday, California Governor Gavin Newsom proposed a revised $203 billion state budget that attempted to account for the $54 billion gap created by increased expenditures and decreased revenue resulting from the impact of the coronavirus. The largest cut listed in a budget summary released by the state is the…

Former Democratic California State Sen. Ron Calderon has been sentenced to 3½ years in federal prison after pleading guilty to accepting tens of thousands of dollars in bribes in exchange for performing official acts as a legislator – including $60,000 in bribes from undercover FBI agents posing as independent…

Welcoming the giant E3 video game conference back to Los Angeles today, Mayor Eric Garcetti said it may make sense to include the booming game industry in production incentives designed to get and keep film and television production in the state. “There’s a collision of content in Los Angeles,” said Garcetti, who has…

The latest FilmLA survey puts some numbers on the losses Hollywood’s suffered from the proliferation of tax incentives in other states and countries in the past two decades. Although feature production has bounced back from 2009’s all-time low thanks to that year’s introduction of the CA Film & TV Tax Credit, only two…

California Assemblyman Mike Gatto (D-Los Angeles) and Senator Kevin de León (D-Los Angeles) today announced a plan to introduce new film and television production tax credits for the state in January 2014, when the legislature returns from interim recess. Competitition from out-of-state incentive programs have been a…

The California state Assembly Appropriations Committee has unanimously approved a bill extending the state’s film and television tax credit program for an additional two years, the LA Times reports. The current extension of the program that allocates $100 million yearly in credits expires next year. Industry…

Looks like Warner Bros is very good for business — if you are in LA County. According to figures released by the studio, Warner Bros spent $4.08 billion in the region in 2010. The money, first reported by the LA Times, broke down to $2.4 billion on pay to LA County citizens and $1.58 billion on goods and services…

MTV is bringing back Teen Wolf for a third season, it was announced today at Comic-Con. The show’s star Tyler Posey first teased fans that the show hadn’t been picked up to cries from the crowd before springing the real news. The upcoming season is for 24 episodes, twice the number of the first- and second-season…

California's lack of strong tax incentives is killing TV production in Los Angeles said FilmL.A. today. "For many years, we've relied on Television to backfill the hole left by the flight of feature film production from the L.A. region. Television has been our bread and butter, but with Sacramento's inaction to stem…

UPDATED: The California Film Commission will hold a lottery on June 1st to select which qualified movie and TV production projects will receive the next $100M allocation of tax credits awarded under the state’s production incentive program. The commission will accept applications at its Hollywood Blvd. office on June…

Gov. Jerry Brown signed a bill late last night that adds one year to the California Film & Television Tax Credit Program. Assembly Bill 1069 had been pared down from its original language that sought a five-year extension. Now, the program is ensured through 2015. It’s worth $100 million annually and was enacted in…

Passing legislation in the California Legislature is always tedious what with all-night marathon sessions and hundreds of bills in a rush to pass before lawmakers adjourn for the year. So it was semi-miraculous that the tax breaks for California film and TV production received the OK — even if it was scaled-back…