Study Shows Film & TV Tax Credits Boost California Economy

Today, the Southern California Association of Governments (SCAG) released a study, which was conducted by the LAEDC's Economic & Policy Analysis Group, assessing the impact of California's Film and Television Tax Credit Program. Specifically, the study reviews 109 film and television projects that have been allocated credits and completed production (to date) in the first three fiscal years of the program; it assesses the impact of the first three years of allocated funding of California's Film and Television Tax Credit Program; and it evaluates several alternatives to the current program.
 
Highlighted economic and fiscal impacts of the California Film and Television Tax Credit Program, described in further detail in the study linked below, include: 
For each $1 of tax credit certificate issued, total economic activity in the state increased by $19.12
For each $1 of tax credit certificate issued, labor income increased by $7.15
For each $1 of tax credit certificate issued, total Gross State Product increased by $9.48
For each $1 of tax credit certificate issued, $1.11 was returned to local and state governments
 
To read the full study, go here.