CA Film and Television Tax Credit Program
As part of the Regional Council-adopted Southern California Economic Recovery and Job Creation Strategy, one of the objectives was to preserve current key economic industries and encourage their continued economic viability. To further this objective, SCAG commissioned the Los Angeles Economic Development Corporation to prepare a study to analyze the economic impact of the State’s current Film and Television Tax Credit Program and assess the economic and fiscal impact of lost big-budget productions, not eligible under the current program. As the impact of this goes beyond Los Angeles and benefits the entire SCAG region, SCAG had Dr. Wallace Walrod of the Orange County Business Council and Dr. John Husing of Economics & Politics, Inc., review the findings. As noted in the study, California’s Film & Television Tax Credit Program: Assessing its Impact, the results were very positive.
- Huffington Post, “Why California Needs A More Robust Film/TV Tax Credit Program”"
- Economic Development Blog, “SCAG-LAEDC Report on CA Film and Television Tax Credits”
- LA Times, Company Town-The Business Behind the Show, “Report: California film tax credit a good investment”
- LA Daily News, “California’s $100 million annual film tax credits a boon to state, study says”
- Variety, “California Production Tax Credit Generated $4.3 Billion in Activity”
- Hollywood Reporter, “ California’s film and TV Incentives Generate $1.9 Billion in spending in Last Three Years,”
- Business Insider, “Movies Not Filming In California Is Costing State $9.6 Billion And 50,000 Jobs”
- The Wrap, “Hollywood’s Big Budget Film Exodus Loses California $9.6 Billion”
- Hollywood News, “Flight of Big-budget Films Costs 50,000 Jobs”
- LA Biz, “Runaway production has cost California $9.6 billion”