Courtesy of the CA Film Commission a/o 11/16/12:
When tourists visit Los Angeles, they often flock to have their photo taken with the iconic Hollywood sign in the Hollywood Hills, visit Hollywood’s Walk of Fame and hope to run into a genuine movie star as they sightsee in the City of Angels.
Courtesy of CA Film Commission a/o 11/16/12:
“Movies” and “Hollywood” have long been twins in the American imagination, like “politics” and “Washington,” and “theater” and “Broadway.” Every major studio is headquartered in southern California, with vast soundstages taking up thousands of square feet. Most movie stars keep at least one palatial home in the greater Los Angeles area. And, of course, since 1929, the town has played home to the biggest movie event of the year, the Academy Awards.
Courtesy of CA Film Commission a/o 11/16/12:
While Hollywood may be an easy target for the Journal's opinion page, your editorial ("Welfare for Hollywood," Review & Outlook, Oct. 6) is out of touch with the realities facing California's film and television-production industry.
Gov. Jerry Brown's recent decision to extend our film and TV tax-credit program for an additional two years was supported by a uniquely broad bipartisan coalition of legislators, as well as business and labor groups from across the state for one simple reason: It works.
Courtesy of EP Financial Solutions a/o 11/30/12:
The Pittsburgh and Philadelphia Film Offices are seeking an increased, multiyear commitment to the current 25% transferable film tax credit. The state has fully utilized the annual funding allocation of $60 million. The Film Offices would like to see the fund increased to $150 million to compete with other attractive incentive jurisdictions. Given the economic climate, it may be tough to get an increase,but the Senate Majority Leader supports the incentive and believes that opposition to it has weakened as the program has become more transparent.
Courtesy of EP Financial Solutions a/o 11/30/12:
The Greater Fort Lauderdale Convention & Visitors Bureau has announced a cash rebate for qualified production expenditure up to $150,000 for film and TV projects. These incentives are in addition to the Florida Governor's Office of Film and Entertainment's tax credit for film and entertainment projects conducted in the state.
Courtesy of FilmLA:
A brand new report released this month from the Los Angeles County Economic Development Corporation (LAEDC) paints an impressive picture of the entertainment industry and its economic impact in Los Angeles County. Indeed, the combined number of direct entertainment industry jobs for both salaried positions and free-lance professionals was 247,000 in 2011. According to the LAEDC, this makes the entertainment industry one the largest industries in the county:
The entertainment industry employed nearly 162,000 wage and salary workers in Los Angeles County during 2011, equivalent to nearly 5 percent of the 3.3 million private sector wage and salary workers in the county. In addition, the industry employed more than 85,000 free-lance professionals and other independent contract workers. With a combined total of 247,000 workers, this is one of the largest industries in the county.
Courtesy of FilmLA:
On November 16, the Hollywood Chamber of Commerce presented its first ever State of the Entertainment Industry Conference at the Loews Hollywood Hotel. The theme of the conference, “Restoring Hollywood as the Center of the Creative Universe,” focused the day’s events on what Los Angeles business leaders must do to make film and related industries work better in the state.
Courtesy of FilmLA:
From August to November 2011, Ben Affleck’s Argo filmed in Los Angeles and spent $31,049,818. Filming locations in the Los Angeles area included a Veterans Affairs facility in North Hills (depicted as the U.S. Embassy in Tehran), a private home in Hancock Park (Canadian ambassador’s house), Ontario International Airport (Tehran airport), Los Angeles Times building (CIA headquarters), Zsa Zsa Gabor’s home in Beverly Hills (home of Hollywood producer Lester Siegel) and the SmokeHouse Restaurant in Burbank, which played itself.
Courtesy of FilmLA:
This week, the hit television show Modern Family won the Emmy Award for Outstanding Comedy Series for the third consecutive year. Since it first premiered three years ago, Modern Family has garnered a total of 12 Emmys for categories that include acting, directing and — perhaps most importantly — for writing. Without a doubt, Modern Family is firing on all cylinders, which is great news for the Los Angeles economy. Each year, more than 200 cast and crew owe their jobs to the success of Modern Family, a production that rains $20 million on L.A. each production season.
Courtesy of Cast & Crew's The Incentive Program a/o 12/31/12:
Courtesy of EP Financial Solutions a/o 1/2/13:
Senate Bill 115 has been introduced, which provides funds of at least $420,000,000 for the years after 2014. Said funding shall be adjusted based upon inflation.
Senate Bill 498 has been introduced, which provides an increased rate of up to 45% to the production tax credit. More specifically, depending on the county or counties where the qualified production costs are paid or incurred, the tax credit rate will be either 30%, 35%, 40%, or 45%
Courtesy of EP Financial Solutions a/o 1/2/13:
Oregon D1709 provided draft legislation that requires filmmakers to complete their films in order to receive funding from the Oregon Production Investment Fund for reimbursements made in fiscal years beginning on or after July 1, 2013.
Courtesy of EP Financial Solutions a/o 1/2/13:
Effective January 1, 2013, the Louisiana Film Office will no longer accept paper applications for the motion picture investor tax credit program.
All productions must submit an application online. To apply online, register for an account at the Louisiana Film Office's Fastlane site.
Courtesy of Cast & Crew's The Incentive Program a/o 1/17/13:
On December 21, 2012, Governor Luis G. Fortuño signed Act 304 amending the Puerto Rico Film Industry Economic Incentives Act (Act 27). The new legislation extends the 20% tax credit to ALL qualified nonresident "below-the-line" spending. This complements the already existing 40% tax credit on all Puerto Rico resident labor and vendor spending as well as the 20% tax credit on nonresident "above-the-line" labor costs (including per diems, fringes and fees) such as, producers, directors, writers and actors.
In order to qualify for the 20% tax credit, qualifying payments (wages, per diems, fringes and fees) made to all nonresidents (both above-the-line and below-the-line) are subject to 20% withholding. For films only, the production will be required to pay a fee equal to 1% of qualifying nonresident below-the-line labor costs. The funds collected by this fee will be deposited into a fund that will be used to create programs which will train Puerto Rico residents in the required skills and abilities of the film industry.
INFORMATION AT FILMUSA.ORG IS PROVIDED BY THE APPROPRIATE FILM OFFICE AND ROUTINELY VERIFIED BY THE FILMUSA COMMITTEE.
THE PRODUCERS GUILD OF AMERICA IS NOT RESPONSIBLE FOR ANY INACCURACIES. PLEASE VERIFY ALL INFORMATION WITH THE FILM OFFICE DIRECTLY.