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.”

But as the Tax Foundation has reported, film tax incentives often create only temporary job positions, and tend to feature bloated job creation claims.