Network TV, Relocating Shows Get First Crack at Super-Sized Tax Credits

Applications for California’s increased production incentives will be accepted May 11-17

Last Updated: February 6, 2015 @ 10:23 AM

Film and TV producers will get their shot at California’s super-sized tax credit program soon.

Applications from network and relocating TV shows will be accepted from May 11-17, the California Film Commission said Friday.

They’ll be the first processed since Gov. Brown signed the new program into law last September. It provides $1.65 billion in incentives over the next five years, with $330 million going to producers annually, more than tripling the current level.

The original program, established in 2009, will end this year with a final tax credit lottery on April 1.

Two upcoming cable TV series, TNT’s “Agent X” and USA’s “The Farm” got some good news — a combined $12.5 million in credits — earlier this week. Paramount Pictures’ feature film “Genies” will get a $7.4 million credit as well.

The credits became available for the projects, which were on the program’s waiting list, after two studio films fell out. New Line’s comedy “Mean Moms” had been set for a $6.7 million credit and Fox’s Beach Boys biopic “All Summer Long” was to have received a $7.7 million credit.

More info on the next program can be found at  http://www.film.ca.gov/Incentives.html