A bill to more than triple California’s film-tv tax credit program from $100 million to $330 million a year has cleared its final legislative hurdle and is headed for the desk of Gov. Jerry Brown.
The State Assembly approved Ab 1839 late Friday night, following the State Senate’s approval in the afternoon — two days after Brown and legislative leaders had worked out a compromise that reduced the annual allocation from $400 million to $330 million.
That’s still short of the $420 million offered by New York each year but backers assert it will enable California to remain a leading production center and compete more effectively against Georgia, Lousiana and New York. The new bill will expand the program to offer credits of 20% and 25% to most one-hour network TV dramas, movies with budgets over $75 million and one-hour TV pilots.
The new program, which will go into effect in the 2015-16 fiscal year for five years,...
The State Assembly approved Ab 1839 late Friday night, following the State Senate’s approval in the afternoon — two days after Brown and legislative leaders had worked out a compromise that reduced the annual allocation from $400 million to $330 million.
That’s still short of the $420 million offered by New York each year but backers assert it will enable California to remain a leading production center and compete more effectively against Georgia, Lousiana and New York. The new bill will expand the program to offer credits of 20% and 25% to most one-hour network TV dramas, movies with budgets over $75 million and one-hour TV pilots.
The new program, which will go into effect in the 2015-16 fiscal year for five years,...
- 8/30/2014
- by Dave McNary
- Variety - Film News
Similar News
‘Abigail’ Review: A Remake of ‘Dracula’s Daughter’ Turns Into a Brutally Monotonous Genre Mashup
- 4/18/2024
- by Owen Gleiberman
- Variety Film + TV
Hollywood’s Hottest Free Agents Are the Kelce Brothers
- 4/17/2024
- by Alex Weprin
- The Hollywood Reporter - Movie News
“I’ve also done some movies that went right in the toilet”: Sylvester Stallone’s Biggest Regrets in His Acting Career
- 4/17/2024
- by Ariane Cruz
- FandomWire
California Boosts Film & TV Tax Credits To $660M As Governor Newsom Signs Temporary Increase Into Law – Update
- 7/21/2021
- by Ted Johnson and Dominic Patten
- Deadline Film + TV
Colbert Clears Up Trump’s Confusion About California Town Devastated by the Camp Fire (Video)
- 11/20/2018
- by Ross A. Lincoln
- The Wrap
TV Series ‘Good Girls,’ ‘You’ Relocate to California to Receive Tax Credits
- 7/2/2018
- by Dave McNary
- Variety Film + TV
Dianne Feinstein Will Not Seek Another Senate Term In 2024
- 2/14/2023
- by Ted Johnson
- Deadline Film + TV
Karen Bass Launches Bid For Mayor Of Los Angeles
- 9/27/2021
- by Ted Johnson
- Deadline Film + TV
Hollywood Favorite Gavin Newsom Secures Spot In Election For California Governor
- 6/6/2018
- by Dino-Ray Ramos
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
Sundance Film Festival Courting New Host City for 2027 and Beyond
- 4/17/2024
- by Matt Donnelly
- Variety - Film News
Tribeca Festival Reveals 2024 Feature Film Lineup Including New Movies With Lily Gladstone, Jenna Ortega and Michael Cera
- 4/17/2024
- by Jack Dunn
- Variety - Film News
Netflix LGBTQ Comedy Doc ‘Outstanding,’ Featuring Rosie O’Donnell, Billy Eichner and Wanda Sykes, Unveils Trailer, Premiere Date (Exclusive)
- 4/17/2024
- by Selena Kuznikov
- Variety - Film News
Studio Ghibli to Receive Honorary Cannes Palme d’Or
- 4/17/2024
- by Scott Roxborough
- The Hollywood Reporter - Movie News
‘For All Mankind’ Renewed for Season 5, Soviet Space Program Spinoff in the Works at Apple TV+
- 4/17/2024
- by Joe Otterson
- Variety - TV News
Rachel Zegler, Kit Connor to Star on Broadway in ‘Romeo and Juliet’
- 4/16/2024
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Selena Quintanilla Deserves to Be Celebrated This Year - Not Exploited
- 4/16/2024
- by Lucas Villa
- Popsugar.com
Bad Bunny's First NYC Show From His Most Wanted Tour Is Proof His Latine Fans Still Come First
- 4/12/2024
- by Johanna Ferreira
- Popsugar.com
Olivia Rodrigo's "Guts" Tour Made Me Feel Like a Teen Again
- 4/8/2024
- by Yerin Kim
- Popsugar.com
Jennifer Lopez's Viral "the Bronx" Controversy Proves Younger Latines Don't Find Her Authentic
- 4/3/2024
- by Miguel Machado
- Popsugar.com
‘Quiet on Set’ Survivors Say Docuseries Was Made Under False Pretenses: ‘How Dare You’
- 4/18/2024
- by Alison Foreman
- Indiewire
Taylor Swift Ends ‘Tortured Poets Department’ with ‘Clara Bow’ — Who Was She?
- 4/18/2024
- by Mark Peikert
- Indiewire
‘The Plot Thickens’ TCM Podcast Unveils ‘Decoding John Ford’ Season
- 4/18/2024
- by Samantha Bergeson
- Indiewire
Quentin Tarantino Is No Longer Making ‘The Movie Critic’ as His 10th Film
- 4/17/2024
- by Brian Welk
- Indiewire
Quentin Tarantino Scraps ’The Movie Critic’; Brad Pitt Would Have Reprised Cliff Booth Role From ‘Once Upon A Time In Hollywood’
- 4/17/2024
- by Rodrigo Perez
- The Playlist
Sundance Film Festival Courting New Host City for 2027 and Beyond
- 4/17/2024
- by Matt Donnelly
- Variety - Film News
Tribeca Festival Reveals 2024 Feature Film Lineup Including New Movies With Lily Gladstone, Jenna Ortega and Michael Cera
- 4/17/2024
- by Jack Dunn
- Variety - Film News
Netflix LGBTQ Comedy Doc ‘Outstanding,’ Featuring Rosie O’Donnell, Billy Eichner and Wanda Sykes, Unveils Trailer, Premiere Date (Exclusive)
- 4/17/2024
- by Selena Kuznikov
- Variety - Film News
Studio Ghibli to Receive Honorary Cannes Palme d’Or
- 4/17/2024
- by Scott Roxborough
- The Hollywood Reporter - Movie News
Box Office: Dracula’s Daughter ‘Abigail’ Tries to Take a Bite Out of ‘Civil War’ With $12 Million Debut
- 4/17/2024
- by Rebecca Rubin
- Variety Film + TV
‘For All Mankind’ Renewed for Season 5, Soviet Space Program Spinoff in the Works at Apple TV+
- 4/17/2024
- by Joe Otterson
- Variety - TV News
‘Oldboy’ English-Language TV Series in the Works From Park Chan-wook, Lionsgate
- 4/17/2024
- by Joe Otterson
- Variety Film + TV
‘Quiet on Set’ Survivors Say Docuseries Was Made Under False Pretenses: ‘How Dare You’
- 4/18/2024
- by Alison Foreman
- Indiewire Television
Ryan Gosling / Chris Stapleton SNL By The Numbers – S49 E17
- 4/18/2024
- by Saturday Night Network
- LateNighter
Weds Night Monologues: Kimmel vs. Trump Is a Tko
- 4/18/2024
- by Dennis Perkins
- LateNighter