$4.3 billion

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California's tax incentives program has added roughly $4.3 billion to the economy overall in the last three years. According to a report from Los...

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California's tax incentives program has added roughly $4.3 billion to the economy overall in the last three years. According to a report from Los Angeles County Economic Development Corp., 109 film and TV projects that benefited from the program also generated direct spending of $1.9 billion. But that economic benefit could have been much greater if the California incentive law included big-budget live-action feature films. "The loss of this spending in California cost the state 47,600 jobs (direct, indirect and induced) during the last fiscal year and $410 million in tax revenues to state and local governments," estimates the report.

tax incentive/(mesure d’)incitation fiscale – roughly/approximativement – overall/globalement, en tout – benefit/avantage – feature film/long métrage – loss/perte – induced/induit

Publié le 27/12/2014

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