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Unions are alleging the Taxpayer Protection and Government Accountability Act on the 2024 ballot could threaten California's film and TV tax credit.
Movie Production Incentives (MPIs): "Movie Production Incentive" is any incentive states offer filmmakers to encourage film production in-state. [6] Tax Credits: Tax credits can remove a portion of the income tax owed to the state by the production company, but since most production companies are limited purpose business entities they often ...
The California Film Commission (CFC) was founded in 1985 by then California Governor George Deukmejian [1] to act in an economic development capacity for the state. [2] It is a part of the California Trade and Commerce Agency, [3] formerly the Business, Transportation, and Housing Agency. Its purpose is to enhance California's position as the ...
Tax-free commuter benefits, also known as qualified transportation fringes, are employer provided voluntary benefit programs that allow employees to reduce their monthly commuting expenses for transit, vanpooling, bicycling, and work-related parking costs. The benefit is a federal tax benefit authorized under the Internal Revenue Code Section ...
During the reading of the U.K. government’s spring budget on Wednesday, Chancellor of the Exchequer Jeremy Hunt revealed a 40% corporate tax relief for film and TV studios through 2034. The plan ...
California is poised to add a diversity requirement to its $330 million tax incentive for film and TV production, as lawmakers seek to use their leverage to make the industry better reflect the ...
Creative Sector Tax Relief is a programme of tax incentives implemented in the United Kingdom in 2012 which encompass new incentives aimed at supporting the animation, high-end television and video game industries, in addition to the existing relief available for film production. The new reliefs are designed to promote culturally-relevant ...
California Gov. Gavin Newsom signed a bill on Monday that extends the state’s $330 million tax incentive for film and TV production. The program will be extended for five years through 2030. For ...