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  • Assembly votes to extend film production tax break

    05/31/2011 10:15:29 PM PDT · by artichokegrower · 5 replies
    San Francisco Chronicle ^ | May 31, 2011 | ADAM WEINTRAUB
    The state Assembly voted Tuesday to extend incentives for California's entertainment industry for five more years, approving up to $500 million in additional tax credits to help keep movie-making jobs in the state. The California Film and Television Tax Credit Program enacted in 2009 has already helped keep some $2.2 billion in film and television production and 25,000 crew jobs in California, said Assemblyman Felipe Fuentes, a Sylmar Democrat, arguing for the extension. The Assembly voted 72-1 to extend the program from 2014 to July 2019. The bill goes next to the state Senate.