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Report: California film tax credit a good investment
Report: California film tax credit a good investment

A new report from the nation's largest metropolitan planning organization says California's film and television tax credit program is a good investment, but needs to be extended and restructured to keep the entertainment industry from fleeing the state. The state film incentive program generated an 11% return on investment in its first three years and helped generate $4.3 billion in economic activity and 22,300  jobs, according to a study released Thursday by the Southern California Assn. of Governments. Since 2009, California has been allocating $100 million annually to film and TV productions, using a lottery system to award 20% to 25% tax credits as an inducement to...

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