California’s Film and TV Tax Credit Program Continues to Stimulate Economy, Create Jobs

Monday, June 13, 2016

 

SACRAMENTO – Senate President pro Tempore Kevin de León (D-Los Angeles) today congratulated the California Film Commission as it launched year two of the retooled and expanded film and TV tax credit program by naming the first round of recipients for the new fiscal year.

“The Film and Television Tax Credit Program 2.0 has proven to be a powerful economic engine for California and a job producer for Californians,” said Senator De León (D-Los Angeles). “The film and television industry has a rich history in the Golden State and with our improved tax credit program it has an even brighter future.”

The 11 television series named to participate in the tax credit program, including American Crime which is relocating to Los Angeles from Austin, Texas, are expected to generate $464 million in direct in-state spending that includes $171 million in wages for behind the camera workers. 

Senator De León, who sits on the film commission, was instrumental in negotiating the retooled tax-credit program which increased available annual tax credits from $100 million to $330 million. It also replaced a lottery-system selection process with criteria that emphasizes job creation and stimulation of local economies.