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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.


 

Image: SCAG Film ReportImage: Press Release.


 

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