Source: Beverly Press and Park Labrea News
Since 2009, the California Film and Television Tax Credit Program has sought to incentivize production to move back to L.A. Senate Bill 630 and Assembly Bill 1138 are now working through the state legislature to strengthen that program further. The bills were introduced by Assemblyman Rick Chavez Zbur (D-Hollywood), Assemblyman Issac Bryan (D-Culver City) and Sen. Ben Allen (D-Santa Monica).
The legislation would expand tax incentives for productions from $300 million to $750 million annually. In October, Gov. Gavin Newsom announced the initiative, and the legislation was introduced on Feb. 26.