California’s Brown Signs Bill to Triple Tax Credits for Filming
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California will offer $330 million in annual tax credits starting next year, more than tripling the state’s incentives to retain film and television production.
Governor Jerry Brown signed the measure in Hollywood today to boost tax incentives from $100 million. The measure makes California’s incentives among the highest in the U.S., second only to New York’s, and allows productions with budgets greater than $75 million to apply for the credits. They were ineligible under the old rules.