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Film & TV Tax Credit Update

In 2014, when the California Legislature passed AB 1839 and Governor Jerry Brown signed it into law, the state of film and television production in California made a dramatic turnaround. The extension of the Film and Television Tax Credit has been included as part of the new state budget, and awaits the governor’s signature.

The facts speak for themselves: since July of 2015, $840 million in credits have been allocated to 150 film and television productions. What has come back to the state economy in direct spend (no multiplier) is $5.9 billion. That includes $2.3 billion in wages paid to below-the-line skilled workers. More than 45,000 cast and crew—working Californians—have been re-employed or will be employed in these productions. They are back to work and back with their families.

The film tax credit is a job creator and revenue generator for the hundreds of thousands of middle-class Californians, creative talent, small and large businesses, and film commissions across the state that we represent.

Thank you from the men & women working in Film and Television in California!

Film & TV Tax Credit Update

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