Hollywood takes on Hollywood South with large increase in film tax credits

by

comment

California Governor Jerry Brown yesterday signed legislation to increase the tax credits available to film producers in that state from $100 million per year to $330 million. For more than a decade, California has been steadily losing film production to other states — especially Louisiana — leading to New Orleans' widely heralded reputation as Hollywood South. The bill also changes the rules so that larger productions (over $75 million) can apply for tax credits in California for the first time. Before the new law, California ranked fifth in annual film tax credits behind New York ($420 million), Louisiana ($236 million), Georgia ($140 million), and Florida ($131 million).

Add a comment