Thursday, November 11, 2010

City Passes Filming Waiver Extension, Sales Tax Rebate

From the San Fernando Valley Business Journal: City Passes Filming Waiver Extension, Sales Tax Rebate

Extending free filming at most city facilities and refunding sales tax for production-related purchases were approved Oct. 26 by the Los Angeles City Council with the aim to make it easier and cheaper to produce films, television shows and commercials within city limits.

The measures are part of a larger commitment to make the city more cost-competitive in the fight to reduce the bottom line for productions and to create local jobs and stimulate the economy, said Councilman Richard Alarcon.

The City Council has noticed that the film industry is perfectly capable of "outsourcing" production activities, and is taking what steps it can to reduce this incentive.

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