Governor Signs $330M Tax Credit For Calif. Film, TV Industry

August 27, 2014 7:36 PM

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Governor Signs $330M Tax Credit For Calif. Film, TV Industry

LOS ANGELES (CBSLA.com) — California Gov. Jerry Brown announced a $330 million deal Monday to boost funding for California film and television tax credit program over the next five years, according to officials.

The current film tax credit – which is awarded using a statewide lottery – allows the California Film Commission to allocate up to $100 million of income tax credits a year to certain kinds of productions made in California, Brown’s office said.

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