Tinseltown has lost a large number of TV and movie productions to places like New York and Georgia, which both offer larger tax incentives for the studios that produce.
Senator Kevin De Leon has proposed an amendment to the current lottery, which provides $100 million a year in film tax credits that would expand the film credits to $400 million and include bigger TV and movie productions that were once excluded.
Productions that hire a larger number of people will receive bigger incentives to ensure “the greatest economic impact.” Through the existing lottery, productions are selected for credits without consideration of production size or new employment numbers.
Should California adopt these larger credits for film studios? What should be the criteria for larger subsidies? How will these credits affect the state overall?
Kevin de Leon (D-Los Angeles), State Senator representing California’s 22nd Senate District, which includes Los Angeles, Alhambra, East Los Angeles, Florence-Graham, Maywood, San Marino, South Pasadena, Vernon, and Walnut Park.