Film Tax Credit adds DE&I

What is happening? SB 485 (2022 |CA) updates California’s film incentives and adds to it Diversity, Equality and Inclusion requirements.

Why is this important? In addition to diversity plans it also allows for increased credits if diversity targets are met or exceeded.

How will this be important? “Most importantly, it is critical that through tax credits, people of color, and Latinos specifically, who are the largest population in the state, are not financing their own erasure from the entertainment industry,” – The legislation’s author

Deadline | Diversity Requirements For California’s $330M Annual Film & TV Tax Credits Poised To Become Law