Just hours after a new multi-sponsored bill to expand California’s current $100 million Film and TV Tax Credit program was introduced today in Sacramento both the state’s Production Alliance and LA Mayor Eric Garcetti have come out in strong support. Garcetti, who formed the city’s Entertainment Industry and Production office last year and vowed to “storm” the state capitol to improve the state’s incentives, praised “Assemblymembers Gatto and Bocanegra for taking the lead on enhancing this important program.” The Alliance, which includes the MPAA, SAG-AFTRA and the Teamsters, said that it “welcomed the introduction of AB 1839.” While the new bill seeks to let blockbusters and network TV shows now be eligible for the lottery rewarded program, no actual figure has been given yet – though as Deadline’s scoop on the bill this morning said, sources tell me the politicians and the industry are aiming for $400 million. Whether they get it is another matter. In the meantime, check out Mayor Garcetti and the Alliance’s statements below:
Mayor Garcetti’s Statement on Film Incentive Legislation
This legislation represents a prudent investment in the future of California’s middle class, and its widespread geographic and bipartisan support reflects its importance to our statewide economy. It comes at a critical moment, when other states and foreign countries are luring away thousands of jobs and millions of dollars in revenues that can pay for schools, infrastructure and public services across California. California is forced to turn away hundreds of productions every year because the current incentive is insufficient. I applaud Assemblymembers Gatto and Bocanegra for taking the lead on enhancing this important program. My office, led by Ken Ziffren, will work closely to support this legislation’s passage.
California Film & Television Production Alliance Statement on Introduction of AB 1839
On behalf of the hundreds of thousands of people whose livelihoods depend on a healthy California film and television industry, we welcome the introduction of AB 1839.
For the past 15 years, our industry has been increasingly threatened by film and television productions fleeing the state in search of better financial conditions. As other states have ramped up their incentive programs, California has lost nearly all big budget feature film production and most television production to other locations. In 2012, only one big budget feature film was shot entirely in California, and in 2013, just 39 out of 137 one-hour television series were filmed here – shocking declines for a state that has been the heart of the entertainment industry for almost 100 years. Without the current limited California production credit, which has made filming in California a viable scenario for only 50 projects a year, these figures would be even worse.
When production goes elsewhere, so do the jobs, tax revenue, and spending that are critical to the strength of our state’s economy. In order to once again be competitive, California must put in place a meaningful, expanded credit that will bring back jobs, increase revenue, and support small businesses and vendors all across the state. We thank Assemblymembers Raul Bocanegra and Mike Gatto for their leadership, as well as the 59 additional co-authors from all over California for their support of this critically-important legislation. Too much is at stake for the people of California to let this heritage industry slip away
Deadline's Dominic Patten - tip him here.