FOR IMMEDIATE RELEASE: August 27, 2014
CONTACT: Bill Bird @ 916-651-4029
Huff Applauds Deal on CA Film & TV Tax Credit
Improved Program Will Help Keep Jobs and Productions in California
SACRAMENTO: Senate Republican Leader Bob Huff (R-Diamond Bar) is pleased to announce that the Governor and legislative leaders have reached a deal to extend and expand California’s beleaguered Film and Television Tax Credit Program. Senator Huff, who served as a co-author for AB 1839, the California Film and Television Job Retention and Promotion Act, has been a proponent of keeping television and film production jobs in California.
The agreement will increase the tax credit to $330 million a year for five years. It also replaces a frustrating lottery system with a more competitive and accountable system.
“In the last fifteen years, film production has dropped nearly 50 percent in California,” said Senator Huff. “In 2013, 21 of the 23 new prime time series were filmed outside of California. When that happens, it’s the ‘behind the scenes’ workers who take a hit, as well the ancillary businesses that serve the production sites and teams. If California is going to get these jobs back, we must compete with other states and nations who are clamoring for that big movie business.”
The loss of large film productions in California was clearly evident this year, when shoots for big-budget films such as “Fantastic Four,” ”Terminator 5,” ”Pitch Perfect 2″ and “Jurassic World,” all took place in Louisiana instead of a Hollywood lot. Louisiana Entertainment, the state-run film office, certified nearly $810 million in production company spending on 123 projects in 2013 and issued $251 million in tax credits. That is nearly three times as much money as California had previously offered under the old tax credit program.
“It’s time to stem the bleeding,” said Senator Huff. “According to a report by the Milken Institute, California lost 16,137 film and TV industry jobs between 2004 and 2012, and in the same period, New York gained 10,675 entertainment jobs.”
Senator Huff serves as the Senate Republican Leader and represents the 29th Senate District covering portions of Los Angeles, Orange and San Bernardino Counties. Follow Senator Huff on Twitter at @bobhuff99.