L.A. greenlights film incentives
Package includes provisions to lower parking costsThe Los Angeles City Council has adopted a package of film incentives spearheaded by Council president Eric Garcetti.
The package includes provisions to identify parking and lower parking costs, install utility nodes in frequently used locations to eliminate the need for generators and take further steps toward implementing a business-tax break for productions.
Garcetti requested a report be conducted after the ABC series "Ugly Betty" moved from Los Angeles to New York for this season. It includes an analysis by the Los Angeles Economic Development Corp., which determined that a one-hour television program generates more than 180 direct jobs and supports 540 indirect jobs and generates $2.2 million in state income taxes and $880,000 in state sales taxes.
The city's office of finance, chief legislative analyst and chief administrative office will study the business-tax incentive and develop a proposal to be submitted to the Council for review.