SF Supes Approve New Film Rebate Schedule
In a bit of good news for filmmakers trying to shoot projects in San Francisco, the San Francisco Board of Supervisors today approved a major change to the rebate structure so that film projects can get up to $600,000 in tax rebates as opposed to the $100,000 maximum previously allowed (which Milk received). These sums represent taxes and fees that City Hall is forgoing. Here’s an article on Examiner.com that explains why this is a good idea despite the budget shortfall. The short version is that city rebates encourage filmmakers and TV producers to bring their productions to San Francisco, which stimulates the local economy. City Hall’s own Office of the Budget Analyst estimates that Milk — a $22 million production constrained to shoot on location for obvious reasons — brought $4.8 million in business to San Francisco.