Netflix

Netflix's 'The OA' and Disney's 'A Wrinkle in Time' among projects that receive $339 million in tax breaks

Netflix's 'The OA' and Disney's 'A Wrinkle in Time' among projects that receive $339 million in tax breaks

HBO’S “Veep,” Netflix’s “The OA” and Disney’s “A Wrinkle in Time” were among dozens of TV and movie projects that received state tax breaks last year.

California awarded $339 million in tax credits in the fiscal 2016-2017 year that ended in June, with the sum spread over 64 film and television projects, according to a new report from the state’s film commission.

The amount is nearly double the credits awarded the last fiscal year, which saw $173 million in tax breaks going to 47 projects.

Producers can receive tax breaks to offset as much as 25% of certain production costs, such as building sets and hiring crew members.

The incentives are part of an enhanced...

EDITION: California | U.S. & World