Posted on 06/27/2018 5:11:56 PM PDT by EdnaMode
California Gov. Jerry Brown has signed an extension of California’s production tax credit program for five years beyond its 2020 expiration with $1.6 billion in credits.
The Entertainment Union Coalition, a coalition of California IATSE Council, Directors Guild of America, International Brotherhood of Teamsters Local 399, LiUNA Local 724, and SAG-AFTRA, made the announcement Wednesday. Brown approved the legislation as part of signing the state’s overall 2018-19 budget.
“As a coalition that represents working men and women of the entertainment industry, we are elated that the California film and television production tax credit program has been extended through 2025. Our members are those who lose when film and television production leaves this state and they are also the direct beneficiaries when it returns to and stays in California,” the group said.
The program, which allocates as much as 25% of the budget to credits, was more than tripled in size in 2014 to $330 million annually to compete effectively with incentives in New York and Georgia. The program is overseen by the California Film Commission, which selects the TV and movie projects to qualify partly based on the number of jobs created.
“In 2014, when we worked to enact the California Film and Television Tax Credit Program 2.0, we told the state legislature it would bring production back and reverse the dismal lack of work our members faced,” the coalition said. “Now, four years after the 2.0 program launched, more than 45,000 of our working California members have been re-employed or employed, with $2.3 billion in wages paid to below-the-line workers.”
(Excerpt) Read more at variety.com ...
Does CA give such breaks to any other industry?
But the ‘actors’ still have to wear condoms.
No tax breaks to the middle class, Just tax hikes
Looks like he was lobbied by members of the Film Actors Guild...
Hollywood should pay double taxes for spreading their vile filth.
Not that I’m aware of. Certainly not as much as they give Hollywood.
Jerry Brown tells the celebs to dance and they dance.
Liberals say Reagan is right.
Lower taxes on Business helps all.
“Socialist Jerry Brown is giving socialist Hollywood another tax break.”
More than that, he is using the people’s money to subsidize the production of propaganda.
Does Hollywood have the right to knowingly and maliciously deceive us with the intent of harming us?
Moonbeam must think so, because he is paying them to do it.
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