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BUSINESS
June 29, 2012 | By Richard Verrier, Los Angeles Times
Lawmakers gave a preliminary thumbs up to a two-year extension of California's film tax credit, a mixed result for Hollywood backers who had pressed for a five-year extension but were relieved to get more money given the state's budget crunch. By a 5-1 vote Thursday, the Senate Governance and Finance Committee supported a bill that would extend the tax credit, which was due to expire in July 2013, through 2015. The original bill would have provided funding through 2018. California currently sets aside $100 million annually for dozens of film and television projects applying for credits that cover 20% to 25% of qualified production expenses.
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BUSINESS
June 15, 2012 | By Richard Verrier, Los Angeles Times
California's film tax credit program has helped to stem the flight of movies and TV shows since it was enacted in 2009, but would be improved with more funding and fewer restrictions on the types of projects that can qualify, a new study concludes. The report, "Fighting Production Flight," from the Milken Institute says the film tax credit program — which gives producers 20% to 25% tax credits toward qualified production expenses for films and TV shows shot in California — has been successful in that it has been oversubscribed and has had a "demonstrable impact in arresting the decline in filmed entertainment spending and employment in the state.
ENTERTAINMENT
June 4, 2012 | By Richard Verrier
The popular MTV show "Teen Wolf" is among 28 projects that won a piece of the lottery -- California's film and TV tax credit lottery, that is. Producers of the TV series were notified Friday that they were among the select few to receive conditional approval for the state film and TV tax credit, out of 322 projects that poured applications into the Film Commission's office last week. The number of submissions rose 83% this year, underscoring heavy demand for the film incentive.
BUSINESS
May 16, 2012 | By Richard Verrier, Los Angeles Times
Amid mounting evidence that rival states are chipping away at California's movie and TV production business, a coalition of entertainment unions and film industry officials is renewing a push to provide long-term funding for California's popular film tax credit program. But the effort faces an uphill challenge in Sacramento, where lawmakers and Gov. Jerry Brown are wrestling with a wider-than expected $16-billion budget deficit. California currently sets aside $100 million annually for dozens of projects applying for credits that cover 20% to 25% of qualified production expenses.
BUSINESS
May 11, 2012 | By Marc Lifsher
SACRAMENTO -- Californians who paid their state income taxes electronically and asked for the refund to be deposited in their bank accounts should have already received their money. But many people who filed paper forms could still be waiting, the California Franchise Tax Board said. That's because state workers in Sacramento are plowing through a mountain of nearly 4 million returns that were mailed around the time of the April 17 deadline for paying 2011 taxes. The best way to find out when a check of deposit might be coming is to go online, state tax officials advise.
OPINION
October 30, 2011
The solution? Jobs Re "Putting the move in movement," Oct. 27 So people want to know how to end the Occupy movement. I have a suggestion: Go down to an encampment and offer someone there a job. Offer them good jobs, full time if they need it, at reasonable pay with reasonable benefits. If you have no jobs to offer, consider lobbying your representatives to create some jobs. Yes, I said those evil words: Government should create jobs. Otherwise, how do we staff our public schools, libraries, DMV offices and so on?
BUSINESS
September 1, 2011 | By Marc Lifsher, Los Angeles Times
Amazon.com Inc. is offering to build at least two distribution centers and hire as many as 7,000 workers if lawmakers back away — at least temporarily — from trying to force the Internet giant to collect sales taxes on purchases made by California customers. The proposal, along with promises to invest as much as $500 million in the new facilities, was made in the form of draft legislation at a meeting Tuesday night between Amazon lobbyists and representatives of companies that belong to the California Retailers Assn.
BUSINESS
August 29, 2011 | By Marc Lifsher, Los Angeles Times
The world's largest retailer, Wal-Mart Stores Inc., has been leading the attack against Internet giant Amazon.com Inc. for refusing to collect sales taxes on online purchases. But Wal-Mart doesn't always collect sales tax on items sold on its site, either. The Walmart.com site, based in Brisbane near San Francisco International Airport, offers hundreds of products from a third-party retailer, CSN Stores in Boston, that are sold without collecting taxes when state residents buy them.
BUSINESS
August 16, 2011 | By Marc Lifsher, Los Angeles Times
A coalition of health, welfare and social services advocates is calling for a boycott of Amazon.com Inc. until the Internet retailer drops a referendum to repeal a new law requiring it to collect sales taxes on Californians' purchases. At a news conference Monday on the steps of the state Capitol, the Think Before You Click campaign asked shoppers to cancel accounts with the Seattle-based company. The group has launched a website, ThinkBeforeYouClickCA.org . "The $200 million in annual revenue that California loses each year through Amazon's tax loophole would have been enough to prevent the $90-million cut from California's Adult Day Health Care program," said Nan Brasmer, president of the California Alliance for Retired Americans.
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