At the request of its primary author, state Sen. Anthony Portantino, a California Senate measure extending the $330 million yearly film and television tax credit until 2030 was placed in the inactive file for this legislative session on Thursday (D-Burbank).
This past week, additional measures were introduced to Senate Bill 485 (see the law here), making it quite obvious that producers must broaden their demographic horizons in order to qualify for big-money incentives from the Golden State. In other words, the message is to broaden the scope of variables.
The measure will now be addressed in 2023, which is plenty of time because the present California Film and Television Production Tax Credit Program do not expire until June 30, 2025.
Kathy Bauelos, Senior Vice President of State Government Affairs for the Motion Picture Association, made the following statement regarding the delay:
The Motion Picture Association appreciates Governor Newson, Senator Portantino, Assemblymember Carrillo, and all of the legislators who have championed the film, television, and streaming industries, as well as our labor partners, for their continuing support of the Film and Television Tax Credit Program. We look forward to continuing our partnership on an extension that will expand on the state’s enormously successful production credit program, which has produced more than 110,000 jobs and generated more than $21.9 billion in economic activity.
