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Gov. Brown signs bill that triples tax credits for films
Gov. Brown signs bill that triples tax credits for films

During a ceremony in Hollywood on Thursday morning, Gov. Jerry Brown signed legislation that will triple annual funding for the state's film tax credit program. "This is a great day for Hollywood, for California," said Brown, in the courtyard outside the TCL (formerly Grauman's) Chinese Theatre. "We will create thousands and tens of thousands of jobs." The law will boost funding to $330 million annually over five years, beginning in 2015. That compares with the current level of $100 million per year. The legislation also will allow more projects to qualify for the subsidies, including large-budget features and TV pilots, and phase out an unpopular...

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