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Gavin Newsom
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California
California’s Film Incentives Program Sees Growth In Jobs & Production Spending, But “Lack Of Available Funds” Still Leads Many Projects To Flee The State
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deadline.com
deadline.comRunaway film and TV productions that applied for California tax credits from 2020 to 2022 but were “ultimately denied due to lack of available funds” ended up spending nearly $1 billion in production costs outside the state.
That’s according to the latest report from the California Film Commission, which makes a compelling case for greater funding of the state’s tax incentives program.
California currently offers $420 million a year in film incentives, but it’s not nearly enough to support all of the films and TV shows that want to shoot here.
New York, with a much smaller film industry, also offers $4.20 million in credits, and Georgia handed out $1.2 billion last year.
Read more on deadline.com
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