California Proposes $100M Tax Credit for Film Post-Production
California Assembly Bill 2319, which has passed the State Assembly and awaits a Senate vote, would allocate $100 million to offer productions a 35% tax writeoff on qualified post-production spending done in the state. The incentive aims to address Hollywood's filming crisis by encouraging post-production work to remain in California.
Key facts
- Assembly Bill 2319 passed the California State Assembly
- Bill awaits a vote in the State Senate
- Would establish a $100 million budget allocation
- Base tax writeoff equivalent to 35% of qualified spending
- Targets post-production work done in California
- Aims to address Hollywood's filming crisis
Entities
Institutions
- California State Assembly
- State Senate
- TheWrap
- Yahoo!
Locations
- California
- Golden State