ANNOUNCEMENT 30 Jun 2017

A movie received tax credits from the state of California in the financial year 2016-2017.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

As listed at http://film.ca.gov/wp-content/uploads/2.0-Website-Approved-Projects-List-Online-04.01.19.pdf. See also http://film.ca.gov/tax-credit/project-titles/.

Inception date: 30 Jun 2017 | Removal date: open ended

Tax or social insurance relief

In 2014 the state of California enacted a law (AB 1839) increasing the level of state subsidies to the motion picture industry to $330 million annually over five years, beginning in 2015. Another bill enacted in 2018 (SB 871) continued the $330 million annual subsidy through 2025.

One of the productions that benefited from this subsidy was the movie “A Wrinkle in Time,” for which Tesseract Productions, Inc. received $18,154,000 in tax credits in the financial year 2016-2017 (1 July 2016 to 30 June 2017).

AFFECTED SECTORS

 
961

AFFECTED PRODUCTS

 
N/A