Tag Archives: KTS

Musicians Talk Tax Credits on KPCC

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.

 

Listen to the podcast here (interview starts at 18:57), or download on iTunes.

 

 

Learn more about AB 1300 and sign the online petition here.

Musicians Target Offshoring to Bring Jobs Back to California

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

Film & TV Tax Credits Fact Sheet: What they are and what they mean for California musicians

What are film/TV tax credits?

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

AB 1300: Let’s bring music-scoring jobs back to California!

What is AB 1300?

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.

Continue reading