Governor Wants Tax Incentives For Film Industry
Friday, May 9, 2008
Governor Arnold Schwarzenegger says California must increase tax incentives to movie and television studios as a way to keep them from moving their productions out of state.
He says incentives being offered by other states are luring studios away and costing California tens of thousands of jobs.
Schwarzenegger: We have you know tens of thousands of people in the movie business but they're unemployed. So I think it's natural in order to put everyone to work to give them tax incentives when they make movies in California.
Schwarzenegger told reporters in the state capital that he has been pushing California lawmakers to approve tax incentives for the film industry for the past four years.
So far, he has not succeeded.