The hit series "Teen Wolf" is a top-ranked cable show among young viewers.
It also ranks at the top of the list when it comes to receiving California film tax breaks.
On Tuesday, the
TV shows are eligible to receive a tax credit equivalent to 20% of qualified production costs. The credit can be used to offset any sales of business tax company the production has with the state.
"Teen Wolf" was approved for a $10.4 million tax credit last year after moving to L.A. from Georgia (TV shows that have previously been approved for credits automatically qualify in subsequent years).
The teen drama was among two relocating series selected this year, the other being the
The second highest allocation in this year's film credit lottery went to the TNT show
In all, a dozen cable series made the cut, while 14 feature films qualified for state funds, the vast majority of them low-budget feature films. Few studio films qualify because California's program only applies to movies with budgets under $75 million. Among them is a