Earlier this month, Governor Brown signed a one-year extension of the California Film & Television Tax Credit Program. The bill (AB1069-Fuentes), was vital to protecting our entertainment industry and putting tens of thousands of Californians to work by keeping billions of dollars of film industry spending in-state.
While the Governor’s support for AB1069 was welcomed by many of the bill’s labor and film industry leaders, the final signed version of the bill represents a significant curtailment of the bill’s original five-year extension period.
Though the bill had sailed through committees in both the Assembly and Senate, passing the Assembly 77-1, it hit a snag upon landing on the desk of Senate President Pro Tem, Darryl Steinberg. With a September 9th deadline for the passage of bills before the recess, AB1069 fell victim to some last-minute politicking and the budget battle.
Television producers especially need stability and consistency in incentive programs when deciding where to locate. After extending its film incentive for five years, New York is experiencing a record year for television series production.
“A one-year extension is a statement to the industry that its future in California is uncertain,” said FilmL.A. Vice President Todd Lindgren.
Assemblyman Fuentes has promised to author an extension in the next legislative session.