Leg offers wage-based tax credit
The Hollywood Entertainment Labor Council has endorsed the recently introduced federal bill to curb runaway production.
Panel, which reps labor orgs with more than 170,000 members, cited job losses and financial hardships in its statement of support. “Members are losing their homes,” said Scott Roth, exec director of the Art Directors Guild and acting prexy of the council, which backed the bill without dissent.
The legislation offers a wage-based tax credit to productions shot in the U.S. with budgets between $200,000 and $10 million.
The credit, which would cover films, network TV, cable, miniseries, episodic series and movies of the week, will be 25% for the first $25,000 in wages per employee and 35% in low-income areas.