California Film Commission announces TV tax credits for production

(The Center Square) - The California Film Commission announced more TV shows, including a reboot of "Baywatch," are getting the latest round of tax credits in an effort to spur production. According to the commission's press release issued Thursday, 17 TV projects are expected to bring in $902 million in in-state spending. That includes $487 million in wages for 5,165 cast and crew members and 35,946 background performers or "extras" over the course of 1,000 filming days statewide. This latest round of tax credits is expected to generate $1.2 billion economic activity statewide, bringing the total amount generated by the program to more than $2.5 billion from the last two rounds of tax credits. The Film & Television Tax Credit Program was launched in 2009 to provide tax break incentives for Hollywood to spur production and create jobs. Gov. Gavin Newsom increased the amount of tax credit money that could be awarded to film and TV projects earlier this year, from $330 million to $750 mi