The Film and TV Tax Credit Race Is Getting Even More CompetitiveFebruary 15, 2022 – Media Mention
Sky Moore, an Entertainment Partner with film financing experience, shared insight with The Hollywood Reporter regarding states competing to host productions. California remains a hot spot due to the state's generous tax incentives. SB-144, which was signed by Governor Newsom in July 2021, gives the television and film industries an additional $330 million in tax credits in addition to the $330 million that is already included in the state's incentives program.
California is “just giving away money to studios” that would have filmed in the state anyway.
“While the credit probably caused some film and television projects to be made here, many other similar projects also were made here without receiving any financial incentive.”
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