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California Film Tax Credit Expanded

According to the Sacramento Bee:

It’s a happy ending for California’s film and television tax credit. Gov. Jerry Brown will sign today the bill expanding the program to $330 million in annual production incentives for the next five years.

The effort to reverse declining film and television production in California faced doubts over its effectiveness in luring industry jobs back from other states. But after an intense lobbying effort by Hollywood – including a visit from stew aficionado Carl Weathers – Brown reached a deal with lawmakers more than tripling the five-year-old tax credit.

Brown will sign the legislation, which also replaces the program’s lottery system with a competitive application, at 10 a.m. at the legendary TCL (formerly Grauman’s) Chinese Theater in Los Angeles. No word on whether he’ll leave his handprints and signature alongside those of fellow Gov. Arnold Schwarzenegger.

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