Media Mention
Will Newsom’s expanded tax credit program save California’s film industry?
Los Angeles Times
Entertainment Partner Sky Moore was featured in a Los Angeles Times article discussing Newsom’s plans to significantly raise the annual cap on the state’s film and TV tax incentive program.
Excerpts:
The higher cap is “a big yawn for” independent productions, said Sky Moore, a partner at law firm Greenberg Glusker.
California’s tax credit program has more limitations on qualifying expenses — excluding big-ticket items such as star and director salaries — and is more complicated. Add to that the lower labor costs in other states, and “I don’t think it’s going to have an impact, at least for the independents,” he said.
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