Wednesday
May
25
2016
12:31 pm
Weather
 
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 
 
California moves to keep film production at home
August 16, 2014, 05:00 AM The Associated Press

LOS ANGELES — Hoping to keep film production in California, lawmakers have moved to quadruple tax subsidies for location shoots.

The state Senate Appropriations Committee approved a bill Thursday that would boost total subsidies to $400 million a year, the Los Angeles Times reported.

The vote came after months of lobbying by a coalition of entertainment industry unions, studio representatives and Los Angeles city officials, including Mayor Eric Garcetti.

The measure must still be approved by the full Senate and signed by Gov. Jerry Brown. But supporters say they are confident it will clear the remaining hurdles, saying there is widespread recognition that California is losing one of its signature homegrown industries to other states.

“There is no question this will make a difference,” said Bill Mechanic, a veteran film producer and former chief executive of Fox Filmed Entertainment.

The legislation also would eliminate a controversial system in which film and TV productions win tax credits based on a lottery system, regardless of the economic effect of the production, the Times said.

Feature film production in Los Angeles County has fallen by half since 1996, and the region’s share of TV pilot production has fallen 73 percent since its peak in 2007, according statistics compiled by Film L.A. Inc.

Most states now offer lucrative incentives for filming, awarding about $1.5 billion in film-related tax credits, rebates and grants in 2012 — up from $2 million a decade ago, according to the newspaper.

Garcetti, who has made fighting runaway production one of his priorities, flew to Sacramento this week. He and several other mayors met with the governor to make their case for more funding.

“This represents a responsible and significant investment in the future of California’s middle-class,” Garcetti said.

 

 

Tags: production, angeles, garcetti,


Other stories from today:

Teen admits to manslaughter in brother’s death
Regulators approve PG&E rate hike
U.S. marshals capture fugitive fighter War Machine
 

 
Print this Page Print this Page  | 
<< Back
 
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
Do you think school districts should focus more on magnet schools or traditional neighborhood schools?

Magnet
Traditional
A combination of both

 

 
 
 
 
TSA chief: Help is on the way to address long airport lines
WASHINGTON — The head of the Transportation Security Administration said Wednesday the beleaguered..
Clinton faulted on emails by State Department audit
WASHINGTON — Hillary Clinton disregarded State Department cybersecurity guidelines by using a priv..
More >>  
 
 
  
 
  
 
©2016 San Mateo Daily Journal
San Mateo County DBA