Saturday, August 15, 2009

California Incentives for Runaway Productions

Last February, Governor Schwarzenegger approved California's first-ever tax incentives to lure runaway productions back to the State. Some say it might be too late, since the number of movies shot in California has dropped to less than half of what it was in 2003.

In July, he approved the first 25 film and TV productions to qualify for the 20 to 25 percent tax credit.

Is it good enough? Canada, which began offering incentives a decade ago, now has state of the art production facilities in place to challege Hollywood... 40 other States are also offering similar incentives, some with even higher tax credits and less redtape...

Better late than never, I guess?

Read the Reuters August 13, 2009 Article

Recent Movies Filmed Outside California

--Photo and Articles from the Reuters Archive.

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