"Daniel Adams, the Cape Cod filmmaker convicted of fraud for illegally obtaining $4.7 million in state film tax credits, was sentenced Thursday to two to three years in state prison.
Following his release, Adams faces 10 years of probation. He was also ordered to pay $4.4 million in restitution to the state under the sentence imposed by Massachusetts Superior Court Judge Carol Ball."
"The California Film Commission received a record 322 applications Friday for a share of the $100 million or more in funding available annually through the state’s Film & Television Tax Credit Program, of which 28 have been selected to receive tax credits.
Only 28 projects are picked from lottery to get funding.
Last year the commission received 176, of which 27 received funding. Ultimately, 74 projects received credits from last year’s allocation.
In June 2010, there were 70 applications, of which 43 eventually received funding valued at $121 million. That means the number of applicants has nearly doubled each year."
2010 70 applications, 43 received funding.
2011 176 applications, 27 initially received funding, 74 eventually.
2012 322 applications, 28 (initially) received funding.
“The increase [in 2011 from 24 to 74 projects] was due to the large number of smaller independent projects that moved form the waiting list to receive credits as larger projects withdrew form the program
Among productions in California in the past year that benefited from the state tax credit program were HBO’s Hemmingway and Gellhorn, the feature films Argo, Dunderheads, Nina, and the independently financed features Bachelorette Party, Decoding Annie Parker, Lovelace, Lowdown, Suicide Kings 2, Trust Me and Vocal Chords of Freedom. Cable TV series include Franklin and Bash, Justified, Men of a Certain Age, the Nine Lives of Chloe King, Pretty Little Liars, Rizzoli & Isles, The Protector, and Perception. The two TV series returning to California are Body of Proof and Torchwood.
The breakdown of approved projects (and percentage of the total it represents) for 2011 was studio features 4 (14.8 percent), independent features 10 (37 percent), (cable) TV series 10 (37 percent), independent movies of the week 1 (3.7 percent) and TV series that relocated to California from other states 2 (7.4 percent).
There is a 25 percent credit for independent films [20% for studio films], with a budget over $1 million and under $10 million. Of the $100 million authorized each year, $10 million is reserved to fund independently produced movies.”