Film production leaving California to seek cheaper grounds may start to slow down, as the controversial lottery program by the California Film Commission to distribute tax credits held its seventh and final lottery this past week. The new incentive program will forgo a lottery for a “jobs ratio” credit that should allow the even higher funding ($330 million) to be more widely distributed. In the end, the goal is to give out more money and keep more production local to California.
Check out the full story here: California holds its final film tax credit lottery
—————————————————————————————————————————–
Disclaimer: Please note that the information contained within this blog post and site is offered simply as a consideration to visitors who are in the entertainment industry and are seeking to learn more about various areas of entertainment, be it in film, movies, television, music, digital, new media, film financing, merchandising and/or branding. As such, the information so provided should never be construed as legal advice. If you need further assistance or legal advice for your specific matter, please do not hesitate in contacting an entertainment attorney (film, music, digital, licensing, financing) here in Los Angeles, California at The Hollywood Lawyer by(1) emailing us at info@hollywoodlawyer.com; (2) calling us at (323) 300-4184; or (3) filling out our online form.
