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Bart Braverman
California film tax credit is money well spent

To the editor: The otherwise fine article on the debate about film tax rebates perpetuates one important misconception about the situation in California. ("Are film tax credits cost effective?," Aug. 30) The legislative analyst's office did indeed find that every $1 in tax credits yields only 65 cents in state tax revenue. But The Times' own article on that report ("Caution advised on TV, film tax credits," May 1) stated that an additional 35 cents was returned to local governments. So in fact every $1 of rebates is fully returned to California's economy — unlike the programs in other states. Add to this the loss to California's economy...

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