California Film, TV Tax Break Yields $24 for Every $1 in Credits

California’s film and television tax credit generates $24 in economic output for every dollar in allocated credits, the California Film Commission said Friday.

The commission examined the program from 2015 to 2020, when the state allocated $330 million per year to productions including “Being the Ricardos,” “Licorice Pizza,” and “Winning Time: The Rise and Fall of the Lakers Dynasty.” Findings are based on data from the Los Angeles Economic Development Corporation.

• The credit supported more than 110,000 jobs and $961.5 million in state and local tax revenue, according to the commission.
• The tax ...