California Film Production Tax Credits Face Uncertain Future

Gov. Gavin Newsom wants to extend the program, while some economists say it’s a money drain at time when the state faces a massive budget deficit

This year’s budget proposals have California legislators again debating whether to keep giving money to filmmakers to keep their productions in the Golden State.

At a time when California is facing a $31.5 billion budget deficit, it’s hard for some taxpayers and lawmakers to justify giving stacks of cash to movie studios and production companies. Compounding the issue, some economists believe the incentives are a waste of tax dollars.

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Jeremy Fuster

Box Office Reporter • • Twitter: @jeremyfuster