CALIFORNIA: State Senate President Pro Tem Kevin de Leon said Friday that California’s overhauled film and TV tax credit is reversing the flight of production from the state.
“The film tax credit is working, and it will maintain our status as the entertainment capital of the world,” said de Leon. Last year, state lawmakers more than tripled the size of the credit to $330 million annually, and shifted the selection process from a lottery to a ratio based on wages paid to workers.
De Leon said that the series getting the credit will provide $216 million in wages for crew members and $524 million in direct spending.
