Los Angeles (August 16, 2012) – As a broad coalition of unions and guilds representing labor and the entertainment industry, we join together today to applaud the passage of AB 2026 by the California State Assembly.
The bill, authored by Assembly Member Felipe Fuentes, extends the very successful California Film & Television Tax Credit Program for an additional 2 years, ensuring that tens of thousands of skilled and talented Californians can continue to work in the state’s heritage industry – entertainment – and that the entertainment industry can continue to be an integral part of California’s economy.
Without the extension, the State of California will have no chance of competing with more than 40 states and many foreign countries that offer generous incentive programs to retain and attract qualified motion pictures and television programs, resulting in the loss of tens of thousands of middle class jobs and all the ancillary economic benefits that a thriving entertainment industry brings to the economy.
We thank Assembly Member Fuentes for his commitment to the men and women making a living in the entertainment community and we urge the California State Senate to do all it can to keep jobs in California by voting to approve the extension of the California production tax incentive bill.
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