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Tax,
Government,
Entertainment & Sports

Nov. 6, 2024

The recent film tax credits won't save Hollywood

California's latest film and television tax credit proposal aims to boost production, but can it compete with other states and international markets?

Laura LaBrecque

Associate, Ramo Law PC

Shutterstock

As the entertainment capital of the world, California has a significant interest in keeping film and television production in the state. However, as production budgets have decreased and inflation has increased, it is an irrefutable reality that production is leaving the state.

Los Angeles, in particular, has seen a rapid decline following the 2023 strikes, with Los Angeles's share of film and television employment dropping fr...

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