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Entertainment & Sports

Oct. 12, 2011

Production tax credit extended

A five-year state tax credit program designed to prevent so-called "runaway production" in the film and television industries will continue for another year.

By Erica E. Phillips
Daily Journal Staff Writer

A five-year state tax credit program designed to prevent so-called "runaway production" in the film and television industries will continue for another year. Gov. Jerry Brown signed Assembly Bill 1069 Sunday, adding another $100 million in credits for qualifying productions and thereby extending the program through 2014. The original bill, sponsored by assembly member Felipe Fuentes, D-Sylmar, and approved by the Senate, sough...

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