California’s iconic film and television production industry is in crisis. As more states and countries are competing aggressively for film and television production, California has seen an unprecedented drop in jobs in this industry.
AB 1138 will address this crisis by strengthening and modernizing the Film and TV Tax Credit Program. This bill increases the base tax credit rate to be more competitive with other jurisdictions, expands eligibility for a broader range of types of production, and adjusts qualified expenditures to account for full production costs more accurately.
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BizFed launched in 2008 and now unites more than 245 diverse business organizations. BizFed’s 150 investors include micro-businesses to iconic brands and institutions.