Arnold Schwarzenegger Ensures Cinematic Treasures Will Be Made in California
Gov. Arnold Schwarzenegger announced the first 25 films to receive California's new production tax incentives. Some titles include: Beverly Hill Chihuahua 2, Naked Gun 4 and Dinner for Schmucks and Comedy Central's TV show Important Things With Demetri Martin.
To fend off other states trying to lure movie production away with tax incentives, the California Legislature approved a production incentive that covers 20% of below-the-line expenses for productions of up to $75 million. The state will pay 25% of expenses for indie feature productions of up to $10 million.
No word on yet if Lethal Weapon 6, Battlefield Earth in 3D, Good Burger 4, No Country For Old Men 2: Chigurh Goes to Whitecastle, or any other sequel staring Tim Allen will be eligible for funds.