Sen. Scott Wilk, R-Santa Clarita, issued a statement last week praising the extension of the California Film and Television Tax Credit that has been included in the state’s 2023-24 budget.
“This is fantastic news for the state that birthed the movie industry, and for local families working in TV and film production,” Wilk said in the release. “The Santa Clarita Valley and Senate District 21 have been Hollywood’s backlot for over 100 years. More productions at home is good news for our local economy, but more importantly this helps keep working families close to home.”
The tax credit was voted on in the form of budget trailer bill Assembly Bill 132, with Wilk voting in favor. The credit was set to expire in 2025, but will now be extended through 2030.
Throughout his tenure in the Legislature, Wilk championed extending the tax credit and keeping productions from leaving the state.
According to a 2022 study by the Los Angeles Economic Development Corp., each dollar allocated by the program generates at least $24.40 in output, $16.14 in gross domestic product, and $8.60 in wages.
The Santa Clarita Valley is home to numerous soundstages and movie ranches including Disney’s Golden Oak Ranch, Melody Ranch and LA North Studios.
“With other states ramping up major productions, California has to be competitive. I’m pleased to play my part once again in helping the state’s most iconic industry remain at home,” Wilk added.