The state of California announced its latest tax credit awardees last Monday morning, December 16, 2019. Following the announcement of the newest taxation credit winners in the state, more television shows are eyeing to produce more content in the state.
According to Deadline, a tax credit program amounting to $152 million will be given to a total of 16 shows, including those relocating from other states, as well as those who have new and recurring projects with their respective companies.
Given that the 16 projects will generate money for the state– by employing local workers, working with in-state merchants and vendors, and the like – the state deems that it can generate approximately $782 million in revenue.
In a statement, Colleen Bell, executive director of the California Film Commission, said “When already successful TV series relocate to California, they bring long-term jobs and significant in-state spending. The decision by so many projects to pack up and move production here affirms that our tax credit program is working and that California can still provide unsurpassed value.”
Variety notes that around 2,900 cast members, 3,500 crew, and 62,000 extras/stand-in will be given an opportunity to take part in this thriving industry.
In line with the Film and TV Tax Credit Program 2.0 inked by former California Governor Brown, The California Film Commission has awarded another for shows to gain tax credits. According to Variety, these four shows include Endeavor Content’s Nine Perfect Strangers, HBO’s Untitled Showtime Lakers Project, Paramount’s Grease, and Searchlight TV’s The Dropout.
Two additional shows that will be relocating to the state will also receive credits, including Horizon Scripted Television’s Special from Texas and Universal Television Dream series from New Jersey, states Variety.
Other TV shows that were given monetary support from the Film and Tax Credit Program are You with $7.213 million, American Crime Story 4: Impeachment with $14.887 million, Euphoria 2 with $19.405 million, and many others.