California Focus: The rationale for Newsom’s plan to hike film tax credits ...Middle East

Businesses are moving out of California – or at least building new plants in other states – partly because this is such a high-tax state. That’s the frequent claim of Republican politicians who have tried for many years to bludgeon Democrats with this issue. Among the biggest draws for businesses moving to other states are the property tax exemptions they often get – no levy for the first 10 years or so in Texas, for just one example. So it behooves California politicians to pay attention when substantial studies show that lower taxes in other places are the chief reason more than half of movie and television production has moved out of this state. This includes streamers and conventional TV

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California Focus: The rationale for Newsom’s plan to hike film tax credits ...Middle East

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