Labor News

Don’t Close The Curtain On Film Tax Credit

The film and television industry is extraordinarily mobile. Productions can be set up anywhere, and many producers are choosing to set up productions outside of California.
In 2003, more than 66 percent of studio feature films were shot in California. In 2011, that number dropped to less than 40 percent.
Other states have seen rapid growth in their film industries because of generous tax incentives and lower overall production costs. In fact, Louisiana reaped more than $900 million in film production last year.

New Mexico wants to beat California incentives

New Mexico is very much living up to its "it grows as it goes" motto. State legislators unanimously approved a bill that will increase New Mexico's TV production refundable tax credit from 25 percent to 30 percent.
The competition appears to be heating up between California and New Mexico. California only offers a tax credit of 20-25 percent on qualified spending but just announced that it might offer free location fees on pilots and first seasons.


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