FOR IMMEDIATE RELEASE: June 3, 2015
CONTACT: Bill Bird @ 916-651-4029
New Film and TV Tax Credit Brings Jobs Back to California
Senator Huff Co-Authored Tax Credit-Pleased With Results
SACRAMENTO: Senate Minority Leader Bob Huff (R-San Dimas) is very pleased with the most recent results from the updated Film and TV Tax Credit that the State Legislature revamped and adopted last year. The California Film Commission, which administers the tax credit and the selection process, has reported that the new credit is bringing production back to California.
“The most important part of this announcement is that four television series that had left the Golden State for other states, have now chosen to return,” said Senator Huff. “That means jobs and job opportunities for not just actors and actresses, but production, film and editing crews that are an important part of any production.”
The four returning television series include American Horror Story, produced by Twentieth Century Fox Film Corp., Hindsight, produced by Viacom, Secrets and Lies, produced by Touchstone Television and Veep, produced by HBO. These productions are relocating to California from Louisiana, Georgia, Maryland and North Carolina.
Other approved projects include:
• New TV Series: 6 projects
• Pilots: 1 project
Based on data provided with each application, the California Film Commission reports that the 11 approved projects will generate an estimated $544 million in direct in-state spending, including $216 million in wages for below-the-line crew members (Assistant Director, Art Director, Line Producer, Location manager, etc.).
Senator Huff was a major supporter of and championed the new and improved tax credit program, created last year by AB 1839. It replaced an ineffective lottery-system selection process and increased the allocation of available tax credits to $330 million from the previous $100 million. More importantly, the selection process was based, in part, on the number of new jobs each project created. This includes wages paid to below-the-line workers, qualified spending (vendor payments, equipment, etc.) and other criteria.
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.