A San Francisco supervisor has proposed increasing the city\u2019s film and television tax credit to lure more productions to the Bay Area.<\/p>\n
Board President Rafael Mandelman introduced legislation Tuesday that would create a tiered rebate system based on local spending on items like San Francisco resident wages, services or goods.<\/p>\n
For example, eligible productions could receive a 10% rebate on qualified local spending of up to $1 million. A project with local spending above $1 million could qualify for a 20% rebate.<\/p>\n
\u201cAs localities across the state compete to attract more film production, San Francisco must stay in the game,\u201d Mandelman said in a statement. \u201cStrengthening our film incentive program will keep jobs in San Francisco and help ensure this important economic activity doesn\u2019t bypass us.\u201d<\/p>\n
The legislation is expected to go to a committee hearing next month.<\/p>\n
Though San Francisco\u2019s production incentive was established in 2006, the program has been \u201cunderutilized,\u201d said Supervisor Connie Chan, who is co-sponsoring the legislation.<\/p>\n
\u201cI support this legislative update so we can ensure the original intent and benefits of the program can be fully materialized,\u201d she said in a statement. \u201cI expect the film rebate program to deliver robust job opportunities for workers, creative promotion of our City through films that will boost tourism and increase sales tax revenue with film industry spending.\u201d<\/p>\n
San Francisco\u2019s incentive proposal comes five months after California increased the cap on the state\u2019s film and television tax credit program<\/a> in an attempt to curb runaway production to other states and countries.<\/p>\n California now allocates $750 million annually to the program, up from $330 million. Legislators also broadened the type of productions eligible to apply for the credit.<\/p>\n Since then, more than three dozen TV shows, including a \u201cBaywatch\u201d reboot<\/a>, and 52 films<\/a> have been awarded tax credits.<\/p>\n","protected":false},"excerpt":{"rendered":"A San Francisco supervisor has proposed increasing the city\u2019s film and television tax credit to lure more productions…\n","protected":false},"author":2,"featured_media":89733,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[49878,49876,7,1409,1924,49877,49874,49873,33645,4576,101,103,102,33459,4747,104,106,105,225,49872,49875],"class_list":["post-89732","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-rebate","tag-boost","tag-california","tag-city","tag-film","tag-film-incentive-program","tag-legislation-tuesday","tag-local-spending","tag-more-production","tag-program","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-san-francisco-supervisor","tag-service","tag-sf","tag-sf-headlines","tag-sf-news","tag-state","tag-television-tax-credit","tag-tv-tax-incentive"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/89732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=89732"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/89732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/89733"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=89732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=89732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=89732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}