California Considers Tax Breaks For Movies

California is losing so many movie and TV jobs that the state is considering giving tax breaks to producers, mimicing a strategy that has lured business elsewhere. “The bill would provide a 12 percent tax credit on a project’s spending in California, up to a cap of $3 million per production, according to a draft obtained by The New York Times. Television movies, which are perhaps the most endangered species of Hollywood production, may be given an extra 3 percent credit.”