Entertainment Industry

« Previous | Company Town Home | Next »

Hollywood presses for extension of state film tax credit

Hollywood unions and industry groups are lobbying hard to extend California's film tax credit.

The state approved $500 million in film tax credits over five years in 2009, but that money is expected to run out next year.

The industry is pushing for legislation that would extend the program, which they helps keep jobs in California when nearly 40 other states offer incentives to lure productions.

But proponents are facing some push-back as legislators grapple with a fiscal crisis that could force massive proposed budget cuts to schools and social services.

For more on the tax-credit developments, see Monday's story in the Los Angeles Times.

RELATED:

On Location: New York City's TV production surges to record level

On Location: Report shows L.A.'s share of TV pilot pie is getting smaller

On Location: one of Hollywood's oldest studios gives birth to a new sound stage

-- Richard Verrier

 
Comments () | Archives (0)

Advertisement
Connect

Recommended on Facebook


In Case You Missed It...


Photos: L.A.’s busiest filming sites

Video





Categories

Companies


Archives