California Tax Credit Bolsters Film INDUSTRY ECONOMY

The California Film Commission recently announced a significant boost to California’s entertainment industry economy with the addition of five big-budget projects and ten independent films into Film and Television Tax Credit Program.

These fifteen productions, spanning a diverse range of budgets and narratives, are projected to bring close to $408 million into California’s economy through qualified in-state expenditures.

With an estimated 2,252 crew, 598 cast, and 16,800 background performers poised to work across a combined 579 filming days, these projects will provide a substantial boost to local employment and economic activity.

“This is great news for the film industry in California,” Placer County’s Film Liaison Juli Johnston said. “We’re excited for the year ahead and looking forward to helping filmmakers and production companies complete their work right here in Placer.” 

The headline win for California was the announcement that Lucasfilm’s “The Mandalorian & Grogu,” directed by Jon Favreau, will have the largest total qualified expenditures in the history of the California Film and Television Tax Credit Program. This Star Wars feature, a first for the franchise to be shot entirely in California, is set to inject an estimated $166 million into the state’s economy through below-the-line wages and qualified expenditures.

Furthermore, the ten independent films revealed today are poised to generate a total of $114 million in qualified spending, with $70 million attributed to qualified wages. Among these, the seven indies with budgets under $10 million, listed below, are projected to contribute a combined $22 million in qualified spending. Meanwhile, independent films with budgets exceeding $10 million, including New Regency’s “Untitled NRP Project,” are expected to surpass $92 million in qualified spending, reflecting the robust economic impact of these productions.

For more information about the Placer County Film Office, visit our ‘About Us’ webpage. Placer is proud to offer free film permits for media production on county-owned property (monitoring fees may apply) and we work quickly to return film permits within a day or two depending on the project.  Contact us for help today.