March 6, 2014 |
FilmL.A. produced another one of its gloomy reports on runaway production Thursday, this time looking at the 108 films released last year by the 11 leading studios. One of the most galling findings : More of those films had been shot in Louisiana than in the state that's home to 10 of those studios (that would be California, in case you've forgotten). Louisiana, really? That's almost as bad as the Lakers getting stomped by the Pelicans. What's worse, as my colleague Richard Verrier reports , California's share of big-budget films has shrunk dramatically.
CALIFORNIA | LOCAL
January 12, 2014 |
Five years after the Obama administration's renewable energy initiative touched off a building boom of large-scale solar power plants across the desert Southwest, the pace of development has slowed to a crawl, with a number of companies going out of business and major projects canceled for lack of financing. Of the 365 federal solar applications since 2009, just 20 plants are on track to be built. Only three large-scale solar facilities have gone online, two in California and one in Nevada.
January 8, 2014 |
How much longer can Hollywood claim to be the movie capital of the world? Can the California Legislature reverse the slide of film production away from Los Angeles simply by enhancing tax credits for the movie and television industry or, one day, will the Oscars be presented in Atlanta or Toronto or New Orleans? Such questions grow more pertinent year by year. Lawmakers in Sacramento are now mulling over a plan that would extend the current $100-million movie industry tax credit program that is set to expire on July 1, 2017.
January 7, 2014
Re "Big tax breaks for the taking," Column, Jan. 5 As Boeing's threat to relocate final assembly of its new 777X from Washington state to whichever state or whichever workers can offer it the best deal shows, the race to the bottom continues. Corporations play one government against another to gain tax breaks and other benefits. The "winning" entity often receives dubious value in return for the gifts. The primary effect nationwide is to reduce the corporations' tax contributions, transferring the burden to individuals.
December 30, 2013 |
WASHINGTON - Jennifer Tadlock doesn't yet have all the talent lined up for the small-budget dramatic action feature she hopes to film next year, let alone a full crew. But she does have a tax break, and it's expiring, which was enough to get her behind the camera last month. Tadlock spent about $500 to hire a skeletal crew and nonunion talent to film just one scene near her home in Fresno. "We did the makeup ourselves," she said. The scene, involving teenagers plotting to harass an elderly woman, may never appear in the final cut. But by shooting this year, Tadlock hopes to lock in place the tax break that was key for investors who put up the $6 million she'll need to shoot "Shades of Grace" for real next year.
December 30, 2013 |
As 2013 comes to a close, so will dozens of tax breaks that save companies billions of dollars in tax liability. Congress has allowed 55 tax breaks to expire but will likely restore many of them, retroactively, in the coming months, the Associated Press reported. In years past, the breaks have expired only to be restored in the months to come. “It's a totally ridiculous way to run our tax system,” Rachelle Bernstein, vice president of the National Retail Federation, told the AP. “It's impossible to plan when every year this happens, but yet business has gotten used to that.” PHOTOS: Most affordable zip codes for home buyers Some of the tax breaks are big, including billions in credits for research and development, generous exemptions for banks that operate overseas and several that allow businesses to write off capital investments faster.