Post Profile

California LAO Finds $1 of Every $3 in Film Incentives Go to Projects That Would Have Happened Anyway

California’s state Legislative Analyst's Office (LAO) is out today with a comprehensive review of the impact of the state’s film tax credit program. Their report reviews the program as it existed from 2009 to 2014, before a change that year both boosted the amount of credits awarded (from $100 million per year to $330 million per year) and changed the award process. All told, the state awarded $800 million in credits under the program, paying 20 percent of qualified expenses for qualified projects (25 percent for independent films and TV series relocating to California).
read more


Related Posts

Lunch Links: Louisiana Issues Biggest Film Check Yet; Florida Considers Tax Changes; New Mexico Special Session Called

Business & Finance / Taxes : Tax Foundation's Tax Policy Blog

Today is September 30, the date in 2008 when the national debt passed the $10 trillion mark. Today it stands at $19.5 trillion. Here are some interesting links I came across: California LAO Reviews Film Tax Credit Program: While car...

Maryland Auditors Find Film Production Companies Get Tax Credits Without Documentation

Business & Finance / Taxes : Tax Foundation's Tax Policy Blog

On February 7, Maryland's Office of Legislative Audits released a report on the state's film production incentives program, finding several instances of faulty documentation by firms applying for tax credits. The Department of Busin...

LAEDC Responds To California LAO Report On State Film Tax Credit Program

Industries / Entertainment Industry : Deadline Hollywood

The Los Angeles County Economic Development Corporation is standing by its study on California’s film tax credit program. The LAEDC today released a letter to the California Legislative Analyst’s Office defending the methodology and...

California Legislative Analyst’s Office Raises Concerns with Film Tax Credits

Business & Finance / Taxes : Tax Foundation's Tax Policy Blog

A new report produced by the California Legislative Analyst’s Office (LAO) has raised some serious concerns about California’s tax credit program. The report does an excellent job carefully outlining the theoretical arguments agains...

33% Of $800 Million California Film Tax Credits Went To Projects That Would Have Been Made In The State Anyway

Business & Finance / Taxes : TaxProf Blog

Following up on my previous post, Starstruck States Squander $10 Billion In Film Tax Incentives Producing Minimal Economic Returns: California Legislative Analyst's Office, California's First Film Tax Credit Program: California prov...


Copyright © 2016 Regator, LLC