California Assemblyman Mike Gatto (D-Los Angeles) and and state Sen.Kevin de Leon (D-Los Angeles) say that they plan to introduce a film and TV production tax credit legislation in January, 2014, once the legislature returns from an interim recess. California’s existing tax incentive program, which originally passed in 2009, provides credits up to $100 million per year. Critics say that the sum is insufficient to meet the demand or to compete with other states, and that the credit is not available to categories like premium cable shows and commercials.
Gatto and de Leon have key roles in Sacramento as chairmen of their respective chamber’s appropriations committees. In an interview, Gatto said that specifics of the legislation are still being drawn up, but he said that an expansion of the total amount available to producers is “the most obvious thing to consider.”
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