The Center of the California Enterprise Zone Information Universe

Los Angeles Times: “California exhausts film tax credit funds for the year”

From the Los Angeles Times:

Augusttax As New York celebrates the long-awaited renewal and expansion of its film tax credit program, California confronts a sobering reality: Its film tax credit money for the current year has run dry.

The California Film Commission has allocated all of the $100 million in tax credits available this year to 30 projects and now has a waiting list of 45 projects.

“The demand is far exceeding the supply,” said California Film Commission Executive Director Amy Lemisch. “We ran out on the first day of funding.”

Follow maxshenker on Twitter

Receive By Email

Enter your email address and receive the EZ Policy Blog by email.