The California Film Commission, which includes Los Angeles City Councilman Bob Blumenfield, 3rd District, has approved a set of emergency draft regulations for the expanded and improved California Film & TV Tax Credit Program. Officials said the approval comes in time to get the program up and running in time to accept applications for the network television season in May.
“As one of the primary economic engines of the San Fernando Valley and surrounding region, the film industry has provided untold numbers of Angelenos with well-paying jobs, both above and below the line, for generations,” Blumenfield said. “As the media landscape shifts, it’s critical that we take action to protect those jobs, and the families they support, throughout the Valley and Los Angeles, and across the state.”
The expansion of California Film & TV Tax Credit Program is the result of the California Film & Television Job Retention and Promotion Act, which was signed in to law by Governor Jerry Brown in Los Angeles press last September.
The program more than triples available tax credits to $330 million for California film and television productions.
Pending final approval of the draft regulations, the California Film Commission will be able to begin distributing the funds starting July 1.
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