California Film Production Tax Credits Face Uncertain FutureBy Tina Daunt and Jeremy Fuster This year’s budget proposals have California legislators again debating whether to keep giving money to filmmakers to keep their productions in the Golden State. At a time when California is facing a $31.5 billion budget deficit, it’s hard for some taxpayers and lawmakers to justify giving stacks of cash to movie studios and production companies. Compounding the issue, some economists believe the incentives are a waste of tax dollars. Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. |