$150 Million Reward From California Film Commission – Television Projects Will Receive These Tax Credits!

California Film Commission is awarding television projects tax credits amounting to $150 million.

The California Film Commission is giving tax credits to 12 television projects, including a new series, a recurring series, and a relocating series. (Photo: www.alphamedicalmanagement.com)

A Gift From The California Film Commission

The California Film Commission has awarded $152 million in tax credits to 12 television projects, including a new series, a recurring series, and a relocating series.

These projects to be awarded by the California Film Commission are projected to spend $1.1 billion in California and employ thousands of crew, cast, and background performers.

One of the recipients of the tax credits from the California Film Commission is Amazon MGM Studios’ “Fallout,” which is relocating from New York and is expected to have a significant economic impact.

Other new series that the California Film Commission will reward include projects by Ryan Murphy, CBS Studios, Warner Bros. Discovery, and Faith Media Distribution.

According to a published article by SmartNews, the Tax Credit Program has attracted 33 relocating series since 2009 and continues to support ongoing productions.

“Fallout”

In a published article by Variety, the California Film Commission awards $152 million in tax incentives to TV shows, including “Fallout” relocating to California for its second season with $25 million in tax credits.

Other shows receiving incentives include those by Ryan Murphy and CBS’s “NCIS: Origins”. California’s tax incentive aims to lure TV shows away from other states and countries.

Amazon and Warner Bros. Discovery also receive tax credits for their upcoming shows. Studios apply for credits based on potential job creation. “Fallout” creators Jonathan Nolan and Lisa Joy are behind the post-apocalyptic series based on a popular video game franchise.

Although shows are allocated tax credits to move to California, it does not guarantee that they will do so.

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