In general, projects receive a 20% tax credit. The program allows a 25% credit for television series that previously filmed outside of California and for independent companies with budgets between $1 million and $10 million.
The program has generated approximately $3.8 billion in economic activity in the state, according to a report by the L.A. County Economic Development Corp that looked at the first 77 projects approved for tax credits. The program also created 20,000 jobs and brought in more than $200 million in tax revenues to local and state governments, the study found.
The 77 projects studied received approximately $199 million in tax credits, according to the study.
A measure to protect senior citizens from voter fraud is headed to Gov. Jerry Brown’s desk.
The legislation, authored by Assemblyman Mike Gatto (D-Silver Lake), would make it a misdemeanor for anyone providing care or direct supervision of a person who is at least 65 years old to coerce or deceive that person into voting contrary to the senior’s intent.
The bill passed in the state Assembly by a vote of 71-0 and in the Senate by 38-0.
“I authored AB 547 after hearing stories from my constituents about their parents and grandparents having their right to vote stolen by caretakers,” Gatto said in written statement. “With a rising number of our seniors finding themselves in living situations where they are under continuous care or supervision, some may find themselves in situations where there is intimidation, deception or coercion when it comes to participation in elections.”
A misdemeanor carries a maximum penalty of a $10,000 fine and six months in jail.