Today, the California Film Commission released the names of the film and television productions that were selected to receive tax credits as part of California’s Film and Television Tax Incentive program for the 2014-15 fiscal year.
There were 497 production entered into the lottery, of which only 26 were chosen. The 26 productions selected are expected to bring in $802 million in direct spending in California, including $230m in wages for the below-the-line crew members.
The announcement brings with it some good news: one of the shows that will receive a credit, BET’s “Being Mary Jane”, is expected to relocate its production headquarters from Georgia to California as a result of receiving the tax credit.
While this is good news, it is not enough. The demand for the tax credit far exceeds the resources available. Expanding the program would allow for more of the 400+ productions who applied to receive the tax incentive, and in turn bring more spending and middle-class jobs to California.
For more information about the announcement, see the release here.