June 28, 2018: DEADLINE.Com - Hollywood Unions, MPAA Laud 5-Year Extension Of California Film Incentives Program
Link to original updated story HERE:
Gov. Jerry Brown signed a a five-year extension of California’s film incentives program Wednesday, extending the state’s production tax credit system to 2025. The move will provide an additional $1.65 billion to qualified film and TV shows shot in the state.
The program was part of a $139 billion state budget that marks Brown’s last as governor.
The extension was greeted with euphoria by a coalition of industry unions including the Directors Guild, SAG-AFTRA, Teamsters Local 399, Laborers Union Local 724 and a members of the California IATSE Council.
“As a coalition that represents working men and women of the entertainment industry, we are elated that the California film and television production tax credit program has been extended through 2025. Our members are those who lose when film and television production leaves this state and they are also the direct beneficiaries when it returns to and stays in California.
“In 2014, when we worked to enact the California Film and Television Tax Credit Program 2.0, we told the state legislature it would bring production back and reverse the dismal lack of work our members faced. Now, four years after the 2.0 program launched, more than 45,000 of our working California members have been re-employed or employed, with $ 2.3 billion in wages paid to below-the-line workers.
“We thank Gov. Brown for his support in signing SB 871. We thank the bill’s authors, Majority Leader Ian Calderon and Senator Holly Mitchell, for standing steadfastly with us from the beginning and getting us to where we are today, and Senate Pro Tempore Atkins and Speaker Anthony Rendon for helping ensure this program was part of the 2018 California budget. As productions continue to shoot in California, our members now know they can earn a living and stay with their families–well into the future.”
Said MPAA chairman and CEO Charles Rivkin: “The MPAA and its member companies are grateful to the leadership of the California legislature for extending the state’s film and television production incentive program. We are especially grateful for the support of Senator Holly Mitchell and Assembly Majority Leader Ian Calderon, who authored key legislation and Governor Jerry Brown, for signing the bill into law.
“As the birthplace of American cinema, California has seen a fledgling industry grow into a global economic powerhouse that today supports the livelihoods of more than 715,000 Californians. The enactment of this bill helps ensure that California will be home to many more productions, jobs, and local businesses for years to come.”