Governor Signs Historic Film Tax Credit Extension
(Los Angeles) - Assemblymembers Raul Bocanegra (D-Pacoima) and Mike Gatto (D-Los Angeles) stood with Governor Jerry Brown as he signed their legislation, AB 1839, the California Film and Television Job Retention and Promotion Act of 2014. The legislation was co-authored by more than sixty-five other legislators, and received bipartisan support from elected officials and below-the-line workers from every region of California. It significantly expands and improves the state’s film tax incentive program to keep production jobs in California, including a five year program extension, an increase in the program’s budget allocation to $330 million annually, and the creation of a new competitive jobs rating system to determine which projects will receive the credits. “This is a home run for the film and television industry in California. Reaching this deal has been a long and difficult process, and I’m proud we were able to deliver for our constituents,” said Assemblymember Bocanegra. Here’s more in this Assembly Access video. http://www.asmdc.org/bocanegra