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California finally concedes high taxes scare away businesses
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smn1256 Offline
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Post: #1
California finally concedes high taxes scare away businesses
So they give corporate welfare a shot.

Quote:Moving to slow the exodus of filming to other states and countries, California lawmakers are poised to quadruple tax subsidies for location shooting to $400 million a year..

Legislation approved on a 5-0 vote by the Senate Appropriations Committee on Thursday also would eliminate a controversial system in which film and TV productions won tax credits based on a lottery system, regardless of the economic effect of the production.

The bill, AB 1839, must still be approved by the full Senate and signed by Gov. Jerry Brown. But legislative backers say they are confident the measure will clear all remaining hurdles, saying there is widespread recognition that California is losing one of its signature homegrown industries to other states.

http://www.latimes.com/entertainment/env...story.html
(This post was last modified: 08-17-2014 12:53 AM by smn1256.)
08-17-2014 12:52 AM
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GoApps70 Offline
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Post: #2
RE: California finally concedes high taxes scare away businesses
∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭∭

Surprised that California has waited this long. They have been draining business for a lot of years.
Bet they don't do the same with all businesses. Too greedy.
Have to pay for all those social programs and illegal aliens.
08-17-2014 02:33 AM
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oklalittledixie Offline
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Post: #3
RE: California finally concedes high taxes scare away businesses
I don't care what that state does anymore as long as they can slow the amount of California transplants spreading around the country.

This is what is causing other states to resemble California. Fleeing Californians are responsible for turning Colorado into nutjob state. Imaging the entire country resembling California.
(This post was last modified: 08-17-2014 09:23 AM by oklalittledixie.)
08-17-2014 09:22 AM
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Fitbud Offline
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Post: #4
RE: California finally concedes high taxes scare away businesses
And how are they going to pay for corporate welfare?

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08-17-2014 09:37 AM
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wahoowa Offline
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Post: #5
RE: California finally concedes high taxes scare away businesses
(08-17-2014 09:37 AM)Fitbud Wrote:  And how are they going to pay for corporate welfare?

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Hopefully, they'll cut teacher's salaries.
08-17-2014 11:52 AM
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EagleX Offline
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Post: #6
RE: California finally concedes high taxes scare away businesses
movie projects fleeing CA is the least of CA's problems.
08-17-2014 08:41 PM
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