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California poised to triple tax credits for moviemakers to $330M

- The Washington Times - Thursday, August 28, 2014

California's Gov. Jerry Brown is about to sign an agreement passed by lawmakers that more than triples the amount of tax credits moviemakers receive — from $100 million a year to $330 million.

"This law will ... put thousands of Californians to work," Mr. Brown said, noting that film production companies have been leaving the state in alarming speed in the last 15 years, Agence France-Presse reported.

Film production has actually fallen by 50 percent in the last 15 years, AFP said.

Just last year, 21 of the 23 new prime-time television series were reportedly filed from states other than California.

"This is a crown-jewel industry that provides jobs and opportunity for middle-class families in every region of our Golden State," said Senate President-elect Kevin de Leon, in AFP. "We're sending a powerful signal today that we are 100 percent committed to keeping the camera rolling and bright lights shining in our state for years to come."

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