Proposal For Tax Breaks For Hollywood Spending

A recent study estimates that movie and TV productions that have left the US to be shot in Canada have cost the US $10 billion in lost spending, as “studios seek to save cash by taking advantage of more generous tax regimes elsewhere.” Now two California politicians have proposed tax breaks to help keep productions in the US. “If passed, the new law would offer a 25% wage tax credit to each employee on wages of up to $25,000.”