California lawmakers propose a law that would make changes to the state’s tax and television credit program in an attempt to produce production to Golden State.
The US lawmakers said during a press conference on Wednesday afternoon at the headquarters of Los Angeles in the actors’ union on the screen – the American Federation of TV and Radio Artists in Los Angeles, that the stakeholders negotiated, the details of the bills will be negotiated at a press conference on Wednesday afternoon at the Los Angeles headquarters in the actors union on the screen – the American Federation of TV and radio artists.
But the idea is to update the components of the program to ensure that the California Film and Television Credit Program will be more competitive with other states, according to the association’s member, one of the sponsors of the participants in Bills, during the press conference.
The main provisions are under discussion an increase in the actual rate of the program and the expansion of the types of products that will qualify for film and television tax credits, with a focus on those species that leave the state and provide “the best jobs”. Another is to ensure that the societies that were represented incomplete, such as the formerly imprisoned people, have expanded the paths to production functions.
“This is one of the founding industries in California.” “It is an economic engine of the state, and also continues to inflate cultural creativity and the story of the story of California, unlike anywhere in the world.”
Senator Bin Allen said that the California Film and Television credit program has created nearly 200,000 jobs and achieved 26 billion dollars of economic activity at the state level. But the program is exaggerated, and more than 75 % of projects that are rejected for tax credit go to another place.
The announcement of Wednesday comes about four months after the governor of Gavin News A proposal for more than twice the amount of money revealed It was allocated annually for the state’s tax credit program. The current total of the program is $ 330 million; The NEWSOM proposal will increase this amount to $ 750 million, making California the best mandate for covered cinematic incentives programs.
While legislators in the state and the representatives of industry said that the proposed increase in the ruler would help address the so -called fugitive production, many also said that simply increasing the maximum would not be enough to transform the tide and that the changes in the program structure were necessary.
Hollywood workers have carried the past few years, starting with the epidemic, When production closes And many job opportunities lost, and continue Double strikes and actors in 2023 And the last fires in southern California, Who stopped production again And the houses were destroyed.
“For many years so far, we have taken the industry for it.” “I don’t want to stand here after five years from now and the intelligence about the industry that left us.”
