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Brown vetoes bill impacting future Walmarts, extends film tax credits

October 10, 2011
(File photo )

Gov. Jerry Brown vetoed a bill that would have hindered the construction of Wal-Mart Supercenters and other big-box stores by requiring cities and counties to prepare economic-impact reports first.

He said SB 469, by Sen. Juan Vargas (D-San Diego), would "add yet another layer of review to an already cumbersome process.''

In one of many bills that made it past the governor's desk, makers of film and television shows in California will continue to receive $100 million in annual tax breaks if they do the work here.

"Extending the motion picture tax credit will create new jobs and keep Californians employed," said Elizabeth Ashford, a spokeswoman for Brown. "Entertainment is a backbone California industry, and we have a responsibility to help keep film and television production here."

Brown's signature of AB 1069, by Assemblyman Felipe Fuentes (D-Sylmar), continues a program created as part of a 2009 budget deal signed by then Gov. Arnold Schwarzenegger. It offers a rebate of up to 25% of production expenses and can be used to offset state taxes. The credits cannot be used to pay actors' salaries.

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Advocates for the tax relief, including the Motion Picture Assn. of America, championed the governor's move.

Spokesman Vans Stevenson called the incentives "a proven program that creates jobs and stimulates the economy."

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Photo: Walmart plans to move into the former Great Indoors site in Burbank. Credit: File photo.

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