Film Californification -Tax Break

I don’t know about anyone else but over the past decade or so I have been concerned at the number of movies being made in other states and Canada. At first I didn’t understand and assumed it was only licensing issues, but in recent years as I read into it deeper, I discovered that the tax breaks for filmmakers was worth the jump to other states or Canada. I think what topped it off was when Ugly Betty moved to New York in hopes of cutting costs and benefiting from the tax breaks as well, possibly opening the door to other television programs to move also.

On February 20, 2009, Governor Schwarzenegger signed legislation creating a California tax credit for filmmakers in an attempt to bring Team Hollywood back home. Since I don’t want to accidentally mis-quote the legislation outline and plans, please click Film Californification Plan to get the correct details.

My concern however is that, will this attempt on Schwarzenegger’s part keep film and television production companies in California or the grass will always be greener on the other side of the fence?’ Who is to say that the deals in other states are not going to become sweeter as a result of California’s attempt at keeping business at home. I think it is much to late in the game to set a new coarse and old established habits are often difficult to break. There is no doubt in my mind that at the end of the day,things will remain as is for Hollywood no matter what the cost.

One reply to “Film Californification -Tax Break

  1. In the case of Canada, it’s also a currency exchange issue – our dollar is worth 20% less than yours, so the buying power is greater, plus wages are lower than in Hollywood -and there are well-trained crews….

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