Australian lawmakers are aiming to boost the local film and TV industry by backing changes to tax incentives to attract international investors.
A cross-party committee has recommended the senate support changes to tax laws, it said in a Friday report. The changes would offer international investors a 30% location tax credit if they commit at least A$20 million (US$13.3 million) to an Australian film production or A$1.5 million per hour to a television series.
Currently, international investors qualify for the credit if they commit at least A$15 million.
Spending at least A$35 million per season on an Australian production would ...
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