Gov. Jerry Brown signed legislation Thursday to more than triple California’s film and television tax credit, a point of heavy lobbying by the state’s TV and movie industry.
Assembly Bill 1839 will expand to $330 million annually the state’s existing $100 million tax credit. Brown and legislative leaders announced an agreement on the bill last month, and his signature was not in doubt.
“Today, we remind the world that the Golden State is the home of the silver screen,” Brown said in a prepared statement. “This bill helps thousands of Californians – from stage hands and set designers to electricians and delivery drivers.”
Proponents of the bill said it would bring back to California productions that have left the state for tax incentives in other parts of the country, while the nonpartisan Legislative Analyst’s Office has said there is no conclusive evidence that increasing California’s tax credit will reduce production losses.
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The bill was a priority of Los Angeles-area lawmakers and was supported by both Democratic and Republican legislative leaders.
“This legislation will keep the cameras rolling in California and strengthen our position as the entertainment capital of the world,” Senate President Pro Tem-elect Kevin de León, D-Los Angeles, said in a prepared statement. “We’re bringing Californians who are working away from their families in Georgia and Louisiana back to California where they belong.”