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L.A. Mayor Seeks Doubling of Film Tax Credits to Retain Jobs

Los Angeles Mayor Eric Garcetti said he’s lobbied California Governor Jerry Brown and state legislators for an expansion of state tax credits for film and TV production to stem Hollywood’s exodus of entertainment jobs.

Garcetti is seeking to at least double the amount the state offers in tax credits from the current $100 million a year. He also wants the program expanded to include commercials, shows on premium cable networks such as HBO and films with budgets of more than $75 million.