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Tax Credits Will Help Retain Film and Television Industry and Jobs

September 18, 2014
Gov. Jerry Brown’s signature today of AB 1839 signifies an important investment in California’s economy.
 
The historic bill by Assembly Members Mike Gatto and Raul Bocanegra, both of Los Angeles, directly impacts California cities by encouraging more film and television production throughout the state.

AB 1839 puts in place policies that strengthen the economy. The Southern California Association of Governments study on the California Film and Television Tax Credit program found that for each tax credit dollar, total economic activity grows by $19.12; labor income increases by $7.15 and another $1.11 is returned to state and local governments.

League President and Arroyo Grande Mayor Tony Ferrara spoke of the League’s support of this measure. “Economic development is a key priority for California cities and the League appreciates the Governor and Legislature’s commitment to ensuring that one of the state’s cornerstone industries remains strong here. Local economies benefit when television and film production locate in our communities, create jobs and support local businesses.


 
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