California’s Film & TV Tax Credit Program is about to get a lot more competitive as it more than triples in size (from $100 million to $330 million annually) and is expanded to include a range of project types that were previously ineligible. Program 2.0 regulations, guidelines, and other helpful documents are available now.
KEY CHANGES FROM PRIOR PROGRAM
- Increases tax credit program funding from $100 million to $330 million; extended for 5 years
- Expands eligibility to big-budget feature films, 1-hr TV series (for any distribution outlet) and TV pilots
- Eliminates budget caps for studio and independent films
- Replaces lottery selection with a ranking system based on jobs and other criteria
- Adds a 5% “Uplift” for productions that film outside the 30-Mile Zone, as well as for visual effects and music scoring/recording performed in-state.
For more information, please visit the California Film Commission.