Although the migration has continued, California has been able to slow the outflow somewhat with its own film tax credits, which took effect in 2009. The program provides a 20% to 25% tax credit on qualified production expenses that can be used to offset state income or sales tax liabilities.Definitely moving in the right direction - keep it up California!
The state has awarded $300 million in tax credits to more than 100 projects in the first two years of the program, including some that filmed in December.
Read the full article here.
