Legislation to sweeten California’s film and television incentive is halfway to the governor’s desk.
The bill, known as AB 1839, unanimously passed the state Assembly May 29 by a vote of 71-0. Assemblymembers Raul Bocanegra (D-Pacoima) and Mike Gatto (D-Los Angeles), the bill’s co-authors, tout the legislation as the panacea for California’s production flight.
“We can’t sit by and watch a $17 billion dollar a year sector of our economy leave California,” stated Bocanegra.
One provision of the bill would allow all new one-hour television series—including those airing on streaming services such as Netlfix or Amazon—to be eligible to apply for the Film and Television Tax Credit Program. Television pilots are also free to apply for the program under the bill. Currently, only TV series that relocate from outside the state are eligible to apply for the $100-million annual program.
The bill, which now heads to the state Senate, also targets big-budget features. For instance, it lifts the budget cap on feature films able to apply for the program; however, only qualified expenditures of up to $100 million will be eligible for the credit. In addition to
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