Get this, guys and girls! Our favorite TV show, Suits: LA, is moving its home base to Los Angeles. What’s behind the big move? The answer is California’s generous tax credit incentives.
Tax Credit Bonanza
In a move that is bound to have TV and film buffs rejoicing, California has set aside almost $12 million for Suits: LA alone. That slice of dough is only a part of a wider pot of gold, totaling a whopping $51.6 million, that California is doling out to attract big names in tinsel town.
Not only is this incentive scheme luring projects away from other popular destinations like Vancouver, but it’s also all set to bring a load of jobs to Hollywood. Talk about a win-win, right?
Hollywood Blockbusters on the Horizon
That’s not all, folks! Suits: LA is just one of 19 projects receiving a piece of the tax credit pie. Coming up on the entertainment horizon are some really cool movies, including the much-awaited Community–The Movie, a gripping biopic on rock queen Janis Joplin with none other than Shailene Woodley in the lead role, and an intriguing deep dive into Hulk Hogan’s lawsuit with Gawker by Matt Damon and Ben Affleck.
Anticipating the Impact
When you put all these projects together, we’re looking at around $284.4 million brought to the table in terms of qualified expenses. What’s more, they’ll also help create a bunch of jobs for our local entertainment folks. Pretty neat, huh?
Adding Value to Productions
This ain’t just about the money, though. It’s about saying, Hey, let’s make movies and TV shows that matter and truly reflect who we are. For instance, Shailene Woodley’s Janis Joplin biopic is more than just a movie. It’s a celebration of California’s cultural heritage and its influence on the iconic singer.
Maintaining Hollywood’s Glow
With the boost provided by these tax credits and the state’s Soundstages program, Cali is majestically reclaiming its throne as the entertainment capital of the world! Plus, it’s providing a much-needed kick to the local job market. All good news!
Looking Ahead
To keep the train of good news chugging, here’s some more. There will be more rounds of tax credit applications for TV series and feature films. This will happen later this year and into 2025.
So, that’s all the goss we have for now about California’s tax incentive program. Keep your eyes, ears, and heart set on LA, as it’s all set to entertain us with some mega blockbusters, great jobs, and exciting opportunities!
Check the full story on https://projectcasting.com/blog/news/californias-tax-credit-incentives-2025-whats-filming-in-la