State and local governments depend on many different types of taxes, one of which is known as an excise tax. Like general sales taxes, excise taxes are paid on the purchase of an item. But unlike sales taxes, excise...
- The Tax Policy Blog
- California Extends Film Tax Credit Program by One Year
California Extends Film Tax Credit Program by One Year
In California, Governor Jerry Brown has signed a one year extension of the state’s film tax credit program, stretching the effective date all the way out to July 1, 2015. The recently signed Assembly Bill 1069 will allocate an additional $100 million to a program that already has $400 million committed to it.
Felipe Fuentes, the author of the bill commented, "By creating tens of thousands of jobs and pumping billions into our economy, the film and television tax credit program has truly been a statewide economic stimulus package."
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