Jerry Brown extends tax credit for filmmakers until 2015
Makers of film and television shows in California will continue to receive tax breaks through June 2015 for keeping their productions in California under a measure signed by Gov. Jerry Brown Sunday.
Advocates for the $100 million in annual credits, including the Motion Picture Assn. of America, championed the tax relief as a way to ensure film and television production, and thousands of jobs annually, remain in the state
Leaders of some of the state’s largest labor unions criticized the proposal as a corporate giveaway at a time when the state is slashing its safety net and making cuts to schools and other state-funded programs.
Brown’s signature of AB 1069 by Assemblyman Felipe Fuentes (D-Sylmar) extends a program that was created as part of a 2009 budget deal, signed by Gov. Arnold Schwarzenegger.
It offers a rebate of up to 25% of production expenses, and can be used to offset state taxes for production companies. The credits cannot be used to pay actors’ salaries.
--Anthony York in Sacramento