California Hands Out Annual Film Tax Credits

The lottery is over. The winners are 31 film and TV producers who were vying against hundreds of others for a piece of California's $100 million in film tax credit funds.

The California Film Commission said Tuesday that 380 projects had applied for a piece of the $100 million the state allocates annually for film and television projects — a nearly 20% jump over last year, and a new record high.

Because of limited funds, however, only 31 of those 380 applicants were approved for funding.

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