We can only assume that the California legislature has not yet heard the news that they’ve spent the state into bankruptcy. How else can what’s going to happen on June 1 possibly be explained?
The Hollywood Reporter has the details:
That morning, movie and TV producers can drop off applications for a share of $100 million in annual state tax credits for productions that meet certain requirements and shoot in the state during the year.
What’s the rush? “We will exhaust all $100 million in tax breaks on June 1st,” Amy Lemisch, executive director of the California Film Commission said Friday morning at a commission meeting and breakfast for producers in Los Angeles.
In other words, the entire amount allocated by the state legislature for the year will be spoken for the first day that applications are accepted. Actually, more productions will seek tax breaks than is available for the year on that one day.
In case that didn’t make sense, let us sum it up for you:
The bankrupt state of California is handing out money to movie producers like they’re homeless beggers on Hollywood Blvd.
The only way this seems to make sense is if the entire state of California is now living in LaLaLand. It’s one giant horror movie produced, directed and inflicted on the state’s residents by Hollywood. None of it is real.
It’s like The Truman Show in real life and if a resident of California can escape to another state, he’ll find out he’s lived their entire life on one big movie set.
Source: Hollywood Reporter