California gubernatorial frontrunner Steve Hilton is preparing to announce an ambitious plan to save Hollywood productions and jobs, The Hollywood Reporter has learned.
The Republican candidate will support a film tax-credit plan that could go as high as 60 percent for some productions and would never go lower than 40 percent. Currently, the ceiling in California usually sits at 45 percent, with many productions getting 35 percent. The move would substantially increase what is already, by many metrics, the most generous film tax-break program in the country.
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Like some of his opponents, Hilton also does not want the overall credit capped (it currently cannot exceed $750 million per year). Under the candidate’s plan, the incentive dollars could also be used for post-production and above-the-line costs, neither of which is currently permitted.
Hilton is expected to officially unveil his Hollywood platform Thursday, shortly after
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