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TV Producers Rush for California Tax Credits

A total of 37 television projects have applied to the California Film Commission for the first allocation of funding available under the state’s new tax-credit program, the commission reported on Tuesday. That increased funding total is set at $55.2 million available for new series, miniseries, movies of the week and pilots, along with $27.6 million reserved specifically for series relocating production to California. The decision for selecting which applicants receive tax credits will be made by the commission based on a system that ranks projects based on job creation and other criteria. It replaces a lottery system, Applicants for tax credits will receive an update within the next week about their status, and the commission’s final selections will be announced in the next few weeks. “Our first application period for the new program was smooth and very well received by the industry,” said Amy Lemisch, executive director of the California Film Commission. “Applicants responded positively to the new online application system, and our outreach to communicate how the application process works appears to have paid off.”

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