California Targets Abortion States

The fight among states for film/television production has just gotten nasty. California has found its business fleeing to other states that offer significant (up to 30%) tax credits/rebates on production costs spent in those states.

film credit

But now, California is fighting back.

California Assemblywoman Christy Smith has introduced a bill  (titled “Share Our Values”)in the legislature that would give tax breaks to film productions that move out of states with restrictive abortion laws.

The law would be in effect for 5 years and reserve $50 million per year for productions that leave Red States (that means you Georgia and Alabama) and return “home” to California.

The bill is moving through CA Senate committees now, on the way to a floor vote.

https://signalscv.com/2019/08/smiths-co-authored-share-our-values-film-tax-credit-advances/

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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