Free concert Saturday at LA City Hall to promote AB 1300 to feature Rickey Minor (‘American Idol,’ ‘The Tonight Show’), composer Siddhartha Khosla (‘This Is Us’), surprise musical guests
LOS ANGELES, CA (August 16, 2017) — Los Angeles film and television musicians will perform a free concert at City Hall on Saturday, Aug. 19 to raise awareness of AB 1300, the Music Scoring Tax Credit Bill aimed at bringing back more of the entertainment industry’s scoring and composing work to California.
As momentum for the bill builds, Randy Newman is the latest high-profile musician to back the legislation. “The studio musicians here in Los Angeles are one of the greatest resources this city has,” said the legendary singer-songwriter and composer. Continue reading →
Musicians Rickey Minor (‘American Idol,’ Grammys), Siddhartha Khosla (‘This Is Us’) and special guests to perform live in support of Music Scoring Tax Credit Bill AB 1300
LOS ANGELES, CA (August 3, 2017) — Los Angeles film and television musicians will perform a free concert at City Hall on Saturday, Aug. 19 to raise awareness of AB 1300, the Music Scoring Tax Credit Bill aimed at bringing more of this work to California.
Keeping the Score in California, a free concert and media event sponsored by the American Federation of Musicians Local 47, will feature live performances by Emmy-nominated music director Rickey Minor (“American Idol,” Grammy Awards, Super Bowl Halftime Show); Siddhartha Khosla, composer for the hit TV series “This is Us” recently nominated for 11 Emmys; and special surprise musicians to be announced. Continue reading →
and more! Overture Online is optimized for reading via smartphone or tablet. For those without access to a smart device, this issue may be viewed on a web browser. Local 47 members may download archived pdf versions from the members section at afm47.org.
Rank-and-file AFM Local 47 musicians Tim Davies and Marc Sazer joined KPCC The Frame’s John Horn in studio to talk about the benefits a new music tax credit would have for music jobs in California.
Introduced in April 2017 by Assembly Majority Leader Ian Calderon, AB 1300, the Music Scoring Tax Credit, would implement a long-sought system for supporting film and television music scoring jobs in California by bringing overseas scoring home.
The bill is aimed at bringing the success of our film and television tax system to musicians and the scores that are an integral part of every film and TV project.
AB 1300 will expand domestic film and TV music scoring by boosting state tax credit for foreign productions
LOS ANGELES, CA (June 13, 2017) — As California suffers an exodus of film and television music jobs, musicians are battling offshoring head-on with a new bill that would boost the state tax credit for foreign productions.
AB 1300, recently introduced by Assembly Majority Leader Ian Calderon, would bring the success of the California Film & TV Tax Credit Program to musicians and the scores that are an integral part of every motion picture and TV project. Continue reading →
Movie and television incentives are tax benefits offered by many regions in the U.S. and abroad to encourage film/TV production in that region. These incentives began in the U.S. in the 1990s in response to the flight of movie productions to countries such as Canada. Today, these tax incentives are offered by countries around the world, and most states in the U.S. such as California, New York, Louisiana, New Mexico, Virginia, Georgia and Ohio.
How have tax credits impacted the industry worldwide?
Tax credits — whether they’re in California or any other state, or abroad — have become part and parcel of film and television financing. Financiers of a film or television project will look to maximize tax credits wherever they can in order to subsidize the production budget. It’s often said that now, when a film or TV show is being planned, the first very conversation is about the location of available tax credits! In general, tax incentives do not create NEW employment; instead they shift jobs from one state or country to another. As the number of tax credit programs around the world has grown, the number of films released to wide distribution each year has remained steady (or even shrunk). Continue reading →
Introduced in April 2017 by Assembly Majority Leader Ian Calderon, AB 1300 – the Music Scoring Tax Credit – would implement a long-sought system for supporting film and television music scoring jobs in California by bringing overseas scoring home. The bill is aimed at bringing the success of our California film and television tax system to musicians and the scores that are an integral part of every film and TV project.
How would it work?
Foreign productions: The bill would provide a 30% credit for motion pictures shot outside of North America employing 35 or more musicians and completing at least 75% of the scoring in California.
Low-budget provision: Projects $5 million or under — regardless of filming location — employing nine or more musicians and completing at least 75% of the scoring in California would also qualify.