California has tried using carrots to encourage film and TV productions to hire a diverse workforce. Now, for the first time, it’s getting out the sticks. Under a proposal from the governor&#…
Now, for the first time, it’s getting out the sticks.goals will lose 4% of their tax credit allocation.
If they fail to make a good faith effort to meet their hiring goals, or fail to submit a plan, the California Film Commission will deduct 4% from their tax incentive. The state’s $330 million program is set to expire in 2025. Last year, state lawmakers began work on extending it to 2030. At the time, lawmakers planned to adopt the diversity bonus from the soundstage credit. But that legislationThe latest version, introduced by the governor’s office in February, drops the bonus. Instead, the bill language provides for the 4% penalty if diversity goals are not met.
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