Report Charts Benefits of California Film & TV Tax Incentives

LOS ANGELES: The tax credits for film and television producers shooting in California, in place since 2009, have generated more than $3.8 billion for the state’s economy and have supported more than 20,000 jobs, according to a new report.

According to the research from the Los Angeles County Economic Development Corporation (LAEDC), California’s production activities will bring in about $201 million in tax revenues to state and local governments.

The production incentives were put in place in 2009 for a five-year period. They provide $100 million a year in tax credits to qualifying productions; a total of 110 productions have qualified for these incentives since the start of the program.

More than 40 U.S. states offer incentives for local productions.