Assemblywoman Schiavo Vote Extend California Film, Television Tax Credit
The LACD is composed of 39 members, encompassing 15 members from the California State Senate and 24 members from the State Assembly. A 2022 study b...
The LACD is composed of 39 members, encompassing 15 members from the California State Senate and 24 members from the State Assembly. A 2022 study by the Los Angeles Economic Development Corporation found that for every dollar allocated for the tax credit, total economic activity in California will increase by $24.40. Since 2015, this tax credit program has generated $22 billion in economic output and $961 million in revenue generated from state and local taxes. The program has paid out $8.2 billion in qualified wages to 220,000 cast and crew members who have been hired in California, including 1,465,000 background players.