California’s Film & TV Tax Credit Program 2.0 has granted funding to 19 films, among which are 11 studio projects and 8 independent features. The California Film Commission stated on Monday (as reported by THR) that the films are expected to make $258.2 million in qualified expenditures, spend 602 shoot days across the state, and employ 869 cast and 2,357 crew members.
“It’s great to see so many tax credit projects bring production jobs and spending to regions across the state,” California Film Commission Tax Credit Program director Nancy Rae Stone said in a statement. “The out-of-zone filming provisions in Program 2.0 are working as intended to help spread the direct economic benefit.”
The zone to which Ms. Stone refers to is outside of the traditional Los Angeles 30-Mile zone. A five percent tax credit uplift is included for film and TV projects that perform original photography outside the L.A. 30-Mile Zone.
A total of 43 film projects applied for tax credits during the June 18-22 application period. The list is subject to change, as applicants may withdraw from the program and have their reservation of tax credits reassigned to one or more other projects currently on the wait list. The next application period for feature film tax credits will be held Oct. 15-19.