Newsom renews push for Congress to pass MPTERA by year-end
2 Nov 2 12:00 PM · 9d ago · 11 articles · 4 posts · 3 comments · 3 sources · development 2 of 3
Alongside the state proposal, Newsom called on Congress to pass the Motion Picture, Television and Entertainment Revitalization Act, which would require 75% of principal photography days to be filmed in the U.S. and establish a 20% federal tax credit on domestic production labor costs.
“But states can’t shoulder the cost alone, which is why I am calling on Congress to back up an expanded tax credit by passing national film and TV tax credit legislation already on the table.”
Gavin Newsom, California Governor · memeorandum ↗
Gavin Newsom California GovernorColleen Bell California Film Commission DirectorRick Chavez Zbur California Assemblymember (D-Hollywood)Dee Dee Myers Senior Advisor to Governor Newsom, GO-Biz Director
Adam Schiff U.S. Senator from California
The whole story articlespostscomments the bright band is this development · numbered dots are the others · click one to jump
Reported in the same hours no headline names this development itself — these 3 claims were published in its stretch
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7 outlets $1 Billion or Bust? Gavin Newsom Proposes Major California Film and TV Tax Credit Expansion
first by The Hollywood Reporter, 9d ago · also Governor of California, Politico, LA Times California, LA Times, UPI, NY Post
6 more headlines
- Governor Newsom proposes historic $1 billion California film and television tax credit - building on the nation's most generous capped credit Governor of California · 9d ago
- Gavin Newsom Proposes $1 Billion Tax Credit Program For California's TV and Film Industry TMZ.com · 9d ago
- Newsom proposes $1 billion California film and TV tax credit Politico · 9d ago
- Newsom proposes $1-billion cap for film and TV tax incentive LA Times California · 9d ago
- Gov. Newsom proposes $1 billion tax credit for TV, film UPI · 9d ago
- Gavin Newsom pitches $1 billion Hollywood tax break — including credits for movie stars’ salaries NY Post · 9d ago
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first by IndieWire, 9d ago · also Quartz
1 more headline
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1 outlet Newsom's November Surprise: Boost CA Film & TV Tax Incentives To $1B ASAP, Says Exiting Governor
first by Deadline, 9d ago
What people said 7 voices · verbatim
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It's based on qualified expenses within the state, and the production just gets a chunk of what they paid back. Each state has different rules on what qualifies, but I think across the board whatever is paid for has to come from a vendor that has a local (same state) business. So the taxes paid go to that state. Things like Amazon don't qualify…
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The leaders of this country seem so focused on the fruit and they go on the news and tout the new numbers or blame each other for the bad numbers and hardly any spend time talking about the roots. And they act like we can just throw fertilizer on dead roots and suddenly it will grow. They’ve allowed the tree to die. The talent has left and moved…
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They also do it to avoid unions and to avoid paying people more. I remember talking to a guy who was from nz and worked in the industry. Basically said nz made a law forbidding unions in the movie industry. Just so they could attract movie companies, it did but nz workers pay has been really stagnant.
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It's not that it needs public funds, it's that if some places are offering them, then why wouldn't you take them? It would certainly be better if no one offered tax credits for movies, but since some one else always will, you have to if you want to be competitive.
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https://www.cbsnews.com/sanfrancisco/news/california-homelessness-spending-audit-24b-five-years-didnt-consistently-track-outcomes/ https://www.reddit.com/r/California/s/F32UtUwj8H
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lol full on conspiracy theory. Did you have to retreat to that when you realized how idiotic your “they get tax cuts to pay celebrities more” take was?
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it's been leaving at a steady rate for over 15 years, but now that it's a husk people care.
All 3 developments of Newsom proposes raising California's film and TV tax credit… →
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