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Film tax credit bill passes state Assembly

Posted: May 28, 2014 6:13 p.m.
Updated: May 28, 2014 6:13 p.m.
 

The California Assembly passed a bill Wednesday that would renew and extend the tax credit for filming in the movie industry’s home state.

Assembly Bill 1839, also known as the California Film and Television Job Retention and Promotion Act, was introduced by Assemblyman Mike Gatto, D-Los Angeles, and Assemblyman Raul Bocanegra, D-Pacoima.

A news release announcing the legislation said that, since 2009, the program has created or saved as many as 51,000 jobs and generating $4.5 billion in economic activity statewide.

“The expansion of the film tax credit is a necessity to keep the iconic film industry in our own backyard,” said Assemblyman Scott Wilk, R-Santa Clarita, in a news release Wednesday.

“This unique industry will continue to serve as an economic resource as long as we support the industry and keep California competitive,” said Wilk, who is a principal co-author of the bill.

Wilk’s news release stated more than 300 productions that applied for the film tax credit last year were “waitlisted and unable to receive benefits.”

The bill now moves to the Senate for consideration.

Wilk represents the 38th Assembly District, which encompasses most of the Santa Clarita Valley, Simi Valley and the northern section of the San Fernando Valley.

 

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