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Film Industry Gets $330 Million Boost In Tax Credits From The State. Will They Work?


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California is increasing the amount of tax credits for film and TV productions by $330 million over the next two years including $180 million to lure productions to Hollywood and another $150 million for building new sound stages.
On Wednesday, Gov. Gavin Newsom signed into law SB 144, which expands the state s existing film tax credit program. State Senator Anthony Portantino, whose district includes Burbank and Pasadena, co-authored the bill with Los Angeles Assemblymember Wendy Carrillo and Inglewood Assemblymember Autumn Burke. He told KPCC s
AirTalk
with Larry Mantle that the goal is to retain and create more jobs in California. ....

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