This year, California has set a record for the amount of film and TV tax credits. Lawmakers increased the available funds in response to a reduction in in-state filming. Other filming areas out-compete California on cost, and tax incentives provide a large portion of the savings.
In response, the state has increased its tax incentive program from $330 million to $750 million a year. In this first round, the vast majority of tax credits were awarded to independent films.
As the film industry changes, independent films have an increased opportunity to compete in the market. If you need a production attorney for your independent film, contact The Law Firm of Dillon McCarthy for help. You’ll receive help from someone passionate about bringing your project to life.