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Gov. Brown OKs tripling state film tax-credit funding to $330 million

California Gov. Jerry Brown has signed off on a deal that would more than triple funding for California’s film and TV tax-credit program.

The compromise would increase funding to $330 million a year over the next five years. While that falls short of the $400 million annually sought by backers, the amount is substantially more than the $100 million that the state currently allocates.

“This law will make key improvements in our Film and Television Tax Credit Program and put thousands of Californians to work,” Brown said.

Read more at www.latimes.com

Also check www.btlnews.com

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