Motion Picture Association Statement on the California Production Tax Credit Legislation
WASHINGTON – California Senate Bill 485 today was placed on the inactive file for this legislative session and will be considered in 2023. The current California Film and Television Production Tax Credit Program is not set to sunset until June 30, 2025. The following is a statement from Motion Picture Association Senior Vice President of State Government Affairs Kathy Bañuelos:
“The Motion Picture Association thanks Governor Newson, Senator Portantino, Assemblymember Carrillo, and all the champions of the film, television, and streaming industry in the legislature, as well as our labor partners, for their continued support of the Film and Television Tax Credit Program. We look forward to continued collaboration on an extension that will build on the wildly successful production credit program, which has created over 110,000 jobs and over $21.9 billion in economic output in the state.”
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About The Motion Picture Association:
The Motion Picture Association, Inc. (MPA) serves as the global voice and advocate of the motion picture, home video, and television industries. It works in every corner of the globe to advance the creative industry, protect its members’ content across all screens, defend the creative and artistic freedoms of storytellers, and support innovative distribution models that bring an expansion of viewing choices to audiences around the world.
Its member studios are: Netflix Studios, LLC; Paramount Pictures Corporation; Sony Pictures Entertainment Inc.; Universal City Studios LLC; Walt Disney Studios Motion Pictures; and Warner Bros. Entertainment Inc. Charles Rivkin is Chairman and CEO.
Tom Zigo, Motion Picture Association