Monday, October 01, 2012

Extension

Our mother international was pushing hard for this:

A broad coalition of unions representing the entertainment industry hailed Governor Jerry Brown's decision to sign into law a two-year extension of California's film and television tax credit.

"We commend the legislature and Gov. Brown for recognizing that the motion picture business is an integral part of the economic and cultural powerhouse that has been California during the last 100 years," said a statement issued by a coalition of entertainment industry unions, including the Directors Guild of America, the Teamsters, the International Alliance of Theatrical Stage Employees and SAG-AFTRA.

Brown approved legislation that was overwhelmingly supported by the state Assembly and the Senate. The bills provide $200 million for the state film tax credit, extending funding through 2017. ...

I'm not a big fan of state subsidies for business, but I recognize that we live in an imperfect world. When other countries and states offer subsidies to our fine entertainment conglomerates, California has to compete if it wants to have a feature and television industry.

That's the cold reality. So I'm glad that the governor and state legislature got the legislation done.

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