The California Film Commission today announced that 23 feature films have been selected for the latest round of tax credits under the state’s Film & TV Tax Credit Program.
They include 13 independent and 10 non-independent projects by a wide range of filmmakers including Aziz Ansari (Untitled Aziz Ansari Project), Kenya Barris (Untitled Jonah Hill Project and White Men Can’t Jump), Jerry Bruckheimer (Beverly Hills Cop 4), Brian Grazer and Selma Hayek (Escape), Jonah Hill (Dixon), Karyn Kusama (Untitled Karyn Kusama Project) and Kobi Libii (Untitled Kobi Libii Project). The projects represent a wide range of genres and talent.
“We look forward to welcoming this diverse blend of films and filmmakers to the tax credit program,” said California Film Commission Executive Director Colleen Bell. “The 23 projects announced today will bring thousands of jobs and significant economic opportunity to regions across the state.”
Based on data from each tax credit application, the 23 projects will generate nearly $678 million in “qualified” spending, defined as below-the-line wages to California workers and payments to in-state vendors. Overall spending in California will increase significantly with the inclusion of above-the-line wages and other production expenditures that do not qualify for incentives under the state’s uniquely targeted tax credit program.
In all, the projects will employ an estimated 4,088 crew, 873 cast and 40,621 background actors/stand-ins (the latter measured in “man-days”) over a combined 953 filming days in California. They will also generate significant post-production jobs and revenue for California VFX artists, sound editors, sound mixers, musicians and other workers/vendors.
Big-budget projects include Untitled Jean-Marc Vallee Project with $86.7 million in qualified spending, Rebel Moon with $83 million, Beverly Hills Cop 4 with nearly $78 million and Dixon with $71.5 million. As noted above, their overall in-state spending will be significantly higher.
“Being from California, it’s important for me to support my home state whenever I get the chance,” said Academy Award Nominee Jonah Hill. “We are so thankful for The California Tax credit because it will allow me to utilize the amazing crew members and locations offered here at home for my next two projects.”
On the opposite end of the budget spectrum, nine of the 13 independent projects in the current round were accepted into the Tax Credit Program’s recently added “$10 million-and-under qualified spending” category, which reserves credits specifically for lower-budget independent films.
Consistent with the Tax Credit Program’s goal of bringing production jobs and spending to regions across California, 239 (nearly 25 percent) of the aggregate 953 in-state filming days are planned outside the Los Angeles 30-Mile Studio Zone (see “Program Year 2 – Allocation #2 Out-of-Zone Filming” chart below).
Fourteen of the 23 projects plan significant out-of-zone production, led by indies Moving On (30 out-of-zone days in Ventura County), Magazine Dreams (29 out-of-zone days location TBD) and Untitled Aziz Ansari Project (25 out-of-zone days in Palm Springs/Riverside County).
A total of 56 applications were received during the July 19 – 26 feature film tax credit application period. The California Film Commission has reserved $138.7 million in tax credit allocation for the 23 conditionally approved projects (see “Program Year 2 – Allocation #2 Conditionally Approved Projects” list below). The list of approved projects is subject to change, as applicants may withdraw from the Tax Credit Program and their reservation of credits is reassigned to one or more projects currently on the waiting list.
The next application period for feature films will be held January 24 – 31, 2022. The next application period for recurring and relocating TV series will be held September 20 – 27, 2021.