California Approves $108.6 Million in Tax Credits for Film and TV Projects
The initiative aims to boost local production, with ten projects expected to generate $509 million in state spending and create over 3,500 jobs.
- The California Film Commission has awarded $108.6 million in tax credits to ten film and TV productions, including Apple TV+'s 'Bad Monkey' and 'Imperfect Women.'
- 'Bad Monkey,' relocating from Florida, and other approved projects are projected to spend $509 million in California, including $276 million in below-the-line wages.
- The tax credits are expected to create 3,583 cast and crew jobs and support 28,404 background performers across 835 shooting days.
- Governor Gavin Newsom has proposed increasing the state's annual tax credit cap from $330 million to $750 million to remain competitive with other regions.
- California has introduced additional application windows to attract more productions as it faces competition from other states and countries with robust incentive programs.