State legislative analyst questions prod’n incentives: Report asserts California’s program doesn’t offset tax decline

California’s Legislative Analyst Office has poured cold water on the purported economic benefits of the state’s three-year-old tax credit incentive program. In an eight-page report sent to Lois Wolk, chair of the State Senate’s Governance and Finance Committee, analyst Mac Taylor said the program benefits are not generating enough ecoiddle class.” He can’decline of tax revenues. The study comes with the fate of the program up for debate in the California Legislature as the film business touts the benefits of incentivizing producers to shoot in the Golden State.

Source: Chicago Times

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