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Gov. Brown signs renewed film/TV tax credit bill co-authored by Sen. Ted Lieu
Measure expands incentives to help California production
SACRAMENTO – Sen. Ted Lieu, principal co-author of a bill to expand tax credits to help California’s renowned film and TV industries remain competitive, today released the following statement after Gov. Brown signed the measure into law.
“Thanks to bipartisan leadership, today we showed competitors from other states and nations that California will do what it takes to preserve one of our signature industries while also expanding one of the creative lynchpins of our Golden State,” Lieu, D-Redondo Beach, said about Assembly Bill 1839, which expands, extends and improves California’s Film and Television Tax Credit Program. “California’s film and TV industries are among the state’s strongest economic sectors and most innovative forces in the nation, and I’m proud many members of this industrious workforce are my constituents.
“The law that’s about to expire created thousands of jobs and nearly $5 billion in economic activity. The sequel will be an even bigger hit.”
PHOTO CAPTION: Sen. Lieu shakes hands with actor Daniel Stern during the Aug. 20, 2014 film rally. (Photo by Ray Sotero).
For more, including a video of Sen. Lieu at a rally in support of AB 1839, click HERE:
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