California Would Triple Tax Breaks For Film Production Under Deal

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California Would Triple Tax Breaks For Film Production Under Deal

by Wochit 0:40 mins

California Would Triple Tax Breaks For Film Production Under Deal

by Wochit 0:40 mins

California will triple its tax breaks for entertainment companies doing business in the state, the latest effort to stem a tide of runaway production that has cost billions in revenue in Hollywood's home state under a deal announced on Wednesday. The increase in tax credits, aimed at luring production back to California even as other states offer tax breaks of their own, comes just a few weeks after the California Film Commission said the state had lost $2 billion in the past four years alone as producers sought cheaper places to do business.

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