California triples tax breaks for film production

September 18, 2014 8:09 PM

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California triples tax breaks for film production

SACRAMENTO Calif. (Reuters) - Governor Jerry Brown signed a bill on Thursday tripling California's tax breaks for entertainment companies doing business in Hollywood's home state, in an effort to stop production moving elsewhere.

Aimed at luring production back to California even as other states offer tax breaks of their own, the bill, signed at a famed movie house from Hollywood's heyday, won approval just days after Nevada persuaded electric car maker Tesla Motors to build a massive battery factory near Reno with $1.3 bill...

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