Film industry taxation in California
California is known for giving tax incentives for the biggest film and television projects, the production process of which takes place in the state. The first film tax credit program was introduced in 2009 and provided almost a billion ($100 million per year over eight years) in tax breaks and credits to selected feature films and television companies. In 2014, the Legislature drafted and adopted a new film tax credit program that improved the ratio to reach the…
