Local Assemblyman Anthony Portantino (D-La Cañada Flintridge) did a good thing last week. On Friday, he chaired an informational hearing at the Pasadena City Hall concerning tax credits for the film industry.
Until the late 1990s, California’s entertainment industry stimulated our regional economy with local film shoots and local production. Incentive programs in other states and in Canada have lured away a lot of that business. A recent report in “Variety” notes that due to tax breaks, “the recent box office hit ‘Battle: Los Angeles’ was shot almost entirely in Louisiana, because rebuilding the Santa Monica pier was more affordable than filming on-location.”
Assemblyman Portantino wants to extend an existing California tax credit for the entertainment industry; the credit is currently due to expire in two years. Portantino wants to encourage local film locations in order to stimulate our economy.