For more than a decade the Hollywood film industry has called for an end to “runaway film production” in less expensive foreign locations. Finally, their call for help has been heard.
New legislation just passed in Congress gives tax breaks to film or television productions with an aggregate cost less than $15 million dollars.
“The law sends a strong signal to the world that the United States is finally serious about combating the effects of runaway film productions,” said Chicago entertainment lawyer and executive producer, Hal “Corky” Kessler.
“The amendment will help remove some of the incentives American film and TV producers have had to bring their projects to Canada and other foreign countries.”
