24 Hrs
Source:
Los Angeles Times
California Senate Approves Post-Production Tax Credit
California has advanced legislation to support its film and television post-production industry by establishing the state's first standalone tax incentive for post-production work. The bill, approved by the Senate and Assembly, would provide a 35% to 50% credit on qualifying post-production expenses and does not require productions to shoot in the state. If signed by the governor and funded, the program would receive $10 million annually, aiming to help retain and attract industry work amidst increasing competition and a declining share of post-production employment in California.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)