• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Rates a bit lower than last week

August 2, 2026

Nutcase James Talarico Tries to Suggest the Bible Requires the Passage of a Government-Run Healthcare System (VIDEO)

August 2, 2026

U.S.-Saudi Consortium Plans $5 Billion Oil Refinery Away from Strait of Hormuz

August 2, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Sunday, August 2
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Nutcase James Talarico Tries to Suggest the Bible Requires the Passage of a Government-Run Healthcare System (VIDEO)

    August 2, 2026

    President Trump Announces Perimeters of Peace Deal with Iran Has Been Agreed To – Halts All Planned US Airstrikes on Iran

    August 2, 2026

    ‘They Hate America and Jews, They Just Can’t Say it Out Loud’ (VIDEO) * The Gateway Pundit * by Mike LaChance

    August 2, 2026

    ‘Anthony Fauci Had No Right to Invoke the Fifth Amendment After Receiving Immunity’ (VIDEO) * The Gateway Pundit * by Mike LaChance

    August 2, 2026

    Democrats Hate ICE Because it’s Ruining Their ‘Long Term Plans’ (VIDEO) * The Gateway Pundit * by Mike LaChance

    August 2, 2026
  • Health

    Medicare’s GLP-1 Bridge Demo Offers Access, But Isn’t Straightforward

    August 1, 2026

    Four In Five Toddler Foods Are Ultra-Processed, New Study Finds

    August 1, 2026

    Trump Administration Ends Program that Kept Medicare Premiums Down

    August 1, 2026

    A Medicare Drug Subsidy Is Ending—Here’s What Patients Should Know

    August 1, 2026

    Digital Health Funding Is Booming, Especially For Wearables

    August 1, 2026
  • World

    U.S.-Saudi Consortium Plans $5 Billion Oil Refinery Away from Strait of Hormuz

    August 2, 2026

    Marjorie Taylor Greene Marries Brian Glenn In Las Vegas

    August 2, 2026

    CBP Recruiting Push Delivers Highest Border Staffing, Lowest Migrant Arrests in Decades

    August 2, 2026

    Jon Stewart Reacts To Democratic National Committee Chaos Before Midterms

    August 2, 2026

    Fauci a ‘Lying Disgrace Who Should Be Prosecuted’

    August 2, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    Rates a bit lower than last week

    August 2, 2026

    Brookfield Infrastructure Partners Q2 Earnings Call Highlights

    August 2, 2026

    J.P. Morgan drops Fed rate bombshell over Warsh, inflation

    August 2, 2026

    Corn Closes July with Weakness

    August 2, 2026

    Lear Corporation Q2 2026 Earnings Call Summary

    August 2, 2026
  • Tech

    White House Uses Anti-ICE Rapper Bad Bunny’s Music for Deportation Montage

    August 2, 2026

    NewsGuard Backer Publicis Buying AdTech Company that Pitched Blacklists as ‘Anti-Racism’ Tool

    August 2, 2026

    China Eyes Limits on Foreign AI Access as America Weighs Its Own Restrictions

    August 1, 2026

    Silicon Valley Is Falling Out of Love with Anthropic AI

    August 1, 2026

    WSJ Reports That Tesla Wants to Divest China Operations to Facilitate SpaceX Merger, Elon Musk Calls It ‘Fake News’

    August 1, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Entertainment»Television Academy Endorses Bill to Create Post-Production Tax Credit
Entertainment

Television Academy Endorses Bill to Create Post-Production Tax Credit

May 9, 2026No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Television Academy Endorses Bill to Create Post-Production Tax Credit
Share
Facebook Twitter LinkedIn Pinterest Email

The drive to pass a post-production tax credit bill in the California legislature received a boost Friday night when the California Post Alliance announced that the Television Academy has joined the fight.

News of the TV Academy’s decision was revealed at the California Post Alliance (CAPA) town hall that featured California Assemblyman Nick Schultz, who is championing the bill to create a targeted state tax incentive for post-production. The Television Academy confirmed its endorsement of the legislation in a statement to Variety.

“With over 20,000 of its members living across the state of California, the Television Academy endorses this legislation to keep post-production work here where so many of our members live,” a TV Academy spokesman said.

The CAPA meeting drew about 200 people to Evergreen Studios in Burbank.

“Their advocacy sends a powerful message that preserving jobs for California’s post-production community is essential to the future of television,” CAPA president Marielle Abaunza said of the TV Academy’s support.

Schultz, a Democrat who represents the Burbank area, introduced AB 2319, which would create a targeted tax incentive for post-production work even if the film or TV show was shot elsewhere. Schultz took center stage at Friday’s meeting, explaining the process and urging editors, musicians, visual-effects people and other post-production professionals to support the effort.

“My two next-door neighbors work in post-production,” Schultz told Variety before the meeting. “I have neighbors on my block that haven’t worked in more than a year. At a time when people are having a lot of trouble having any faith in their government, this is a bipartisan issue. This is about keeping people working and doing what they love.”

See also  Senate Bolts For Memorial Day, Punts Bill Funding Immigration Enforcement Until June

California has seen a loss of more than 4,400 jobs and $500 million in annual wages, which breaks down to $268 million in direct wages to post workers, $120 million in wages paid to supplier businesses, and another $119.5 million in wages supported by post-production worker spending, according to statistics presented at the meeting.

The bill has already been passed by the Assembly’s Arts, Entertainment, Sports & Tourism Committee and the Revenue & Taxation Committee. “Where we’re at now is, the bill is sitting in Appropriations,” Schultz said. “On Friday we’ll find out which bills survive and move to a full vote of the Assembly and which ones do not.

“I have rated this bill as my number-one priority this year. We’re accompanying the bill with a $100 million budget ‘ask’ to help launch the program. If it gets out of Appropriations next Friday, sometime over the course of the following three or four weeks we would take it for a full vote on the Assembly floor.

“I am cautiously optimistic that we would get bipartisan support based on some of the bipartisan votes that we had in the policy committees,” Schultz told Variety.

AB 2319 would provide a 35% to 50% tax incentive for post-production work done in California. The state’s current Film & Television Tax Credit program provides $750 million in incentives for films and TV produced in the state; the new bill, if passed, provides that rebate for post-production even if the filming takes place elsewhere.

CAPA treasurer Jennifer Freed added that the tax credit would be earned when a company spends at least 75% of its post-production budget in California (or $1 million, whichever is less). “Even if a project didn’t shoot here, let’s finish it here,” she said.

See also  Drag Queen Rages Over 'Religious Gatekeeping' After His Album Disqualified from Grammys Category

L.A. music people were especially hopeful about the bill as a major step towards returning some of the scoring work that has gone elsewhere (primarily London, Prague, Vienna and Bratislava) in recent years. “Anything related to scoring is eligible for the credit,” music contractor Peter Rotter said, “including musicians’ wages, studio recording costs, cartage, mixing and mastering, orchestration, music preparation and music supervision.

“The bill is really our last opportunity to bring back equality and competition with the rest of the world, and the rest of the U.S.,” Rotter said. “California still has the talent, the determination, the artistry and the extraordinary history that made this industry what it is today. But preserving that legacy cannot happen unless we all come together and show our representatives how important this bill truly is.”

Dennis Dreith, former president of the Recording Musicians Association and former administrator of the Film Musicians Secondary Markets Fund — both of which have joined the CAPA campaign — noted that AB 2319 is also “the first-ever California legislation to specifically incentivize music scoring in the state.

“Tax credits are not a new thing and have proven highly effective in luring work away from Hollywood,” he added. “The United Kingdom offers very substantial tax incentives for motion pictures not only to film in the U.K. but to score films there as well.” London scoring stages are constantly booked, unlike those in L.A. (including recording facilities at Fox, Sony and Warner Bros.) that are often empty.

During a Q&A after the general remarks, a number of visual-effects craftspeople expressed concern that the VFX portion of the bill focuses on post-production, whereas considerable VFX work (notably “pre-visualization” elements) begins during pre-production; they expressed hope that revisions to the language could help their situation. Schultz encouraged more dialogue on the topic as the process moved ahead.

See also  ‘Economic Suicide’: Biden Admin Justifies Tax Hike Based On Racial Criteria

“We have the best-trained people in the world,” Assemblyman Schultz said. “We have the human capital that you can’t just export or recreate elsewhere. We should have done this a decade ago. If this bill doesn’t make it this year, you all have my commitment — you can take it to the bank — that I will run this bill next year and every year until we get it done.”

Academy Bill Create credit Endorses PostProduction tax television
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sean Astin Sold Home After Low ‘Lord of the Rings’ Salary

August 2, 2026

‘Sopranos’ Actor Vincent Pastore, Known for Playing Mobster ‘Big Pussy,’ Dead at 80

August 2, 2026

Which Hacks Character Needs a Spinoff

August 2, 2026

Jared Leto Accused Of Following Bartender To Her Car

August 2, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Democrats Defying Federal Law over Trump Is ‘Dangerous’

June 24, 2026

The stock market’s fear gauge just hit its lowest level in 3 years as a new bull market kicks off

June 6, 2023

‘New York is Not YOUR City’ (VIDEO) * The Gateway Pundit * by Mike LaChance

July 28, 2026

Russians ‘Fear’ Ukraine Will Launch ‘Major’ Attack in North-East: UK Intel

March 25, 2023
Don't Miss

Rates a bit lower than last week

Finance August 2, 2026

According to rates from the Zillow lender marketplace, mortgage rates are a bit lower compared…

Nutcase James Talarico Tries to Suggest the Bible Requires the Passage of a Government-Run Healthcare System (VIDEO)

August 2, 2026

U.S.-Saudi Consortium Plans $5 Billion Oil Refinery Away from Strait of Hormuz

August 2, 2026

Sean Astin Sold Home After Low ‘Lord of the Rings’ Salary

August 2, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (6,034)
  • Finance (4,431)
  • Health (2,643)
  • Lifestyle (1,904)
  • Politics (4,084)
  • Sports (4,994)
  • Tech (2,462)
  • Uncategorized (4)
  • World (6,079)
Our Picks

Everything to Know About Princess Diana and Fergie’s Broken Friendship

July 25, 2026

Sophie Cunningham Said What Democrats Won’t

July 30, 2026

Usher to Perform at Super Bowl Halftime Show

September 24, 2023
Popular Posts

Rates a bit lower than last week

August 2, 2026

Nutcase James Talarico Tries to Suggest the Bible Requires the Passage of a Government-Run Healthcare System (VIDEO)

August 2, 2026

U.S.-Saudi Consortium Plans $5 Billion Oil Refinery Away from Strait of Hormuz

August 2, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.