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Assembly approves film and TV tax credit bill
Assembly approves film and TV tax credit bill

A bill that aims to halt the flight of film and TV production from California has been unanimously approved by the Assembly. The Assembly voted in favor of AB 1839, which would renew and increase a state tax credit — amounting to as much as $400 million a year — to better compete with generous tax subsidies available in such states as New York, Louisiana and Georgia, as well as in Canada and Britain. Currently, California allocates $100 million annually using a lottery system to award tax breaks to a limited number of production companies. AB 1839 would allow a broader swath of productions to qualify for the incentives, which enable producers to reduce their tax liability...

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