HomeMy WebLinkAbout2002-07-09 - AGENDA REPORTS - AB 2747 TAX CREDIT ON FILM (2)CITY OF SANTA CLARITA
AGENDA REPORT
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CONSENT CALENDAR City Manager Approval -
Item to be presented by: Jeff Lambert
DATE: July 9, 2002
SUBJECT: RESOLUTION OF SUPPORT OF CALIFORNIA ASSEMBLY
BILL 2747, TAX CREDIT ON FILM PRODUCTION
DEPARTMENT: City Manager
RECOMMENDED ACTION
City Council approve resolution in support of California Assembly Bill 2747
establishing a fifteen percent income tax credit on wages paid on film and television
production in California.
Within the last year, Southern California saw a loss of thousands of jobs in the film
industry partially as a result of foreign governments offering incentives and tax
rebates to production companies. A significant number of people living in the Santa
Clarita Valley derive their income either directly or in -directly from the filming
industry. Assemblyman Wesson has introduced legislation to provide a 15% state
income tax credit on wages paid for filming in California.
ALTERNATIVE ACTION
City Council does not take official position on California Assembly Bill 2747.
FISCAL IMPACT
None by this action.
ATTACHMENTS
Resolution.
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/agniptlfilm.doc
Adopted: . Oz -in
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