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Governor Brown to Sign Tax Credit Legislation Today

September 18, 2014 | By

California Governor Jerry Brown will join legislative leaders and dozens of film and television workers this morning at the TCL Chinese Theatre in the heart of Hollywood, where he will sign legislation – AB 1839 by Assemblymembers Mike Gatto (D-Los Angeles) and Raul Bocanegra (D-Los Angeles) – to expand, extend and improve California’s Film and Television Tax Credit Program.

“This law will make key improvements in our Film and Television Tax Credit Program and put thousands of Californians to work,” said Brown in late August after he reached a deal with Republican and Democratic lawmakers on the bill.

The legislation will increase the state’s film and television tax credit to $330 million a year for five years beginning with fiscal year 2015-16 and replace the current lottery system with a more competitive and accountable system that ranks applicants according to net new jobs created and overall positive economic impacts for the entire state.

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