As part of California’s expanded Film & TV Tax Credit Program, Warner Bros.’ “Sherlock Holmes 3” is among the films granted a tax credit for filming in California, with the third in the Robert Downey Jr. and Jude Law franchise to receive a $20.8 million break.
On Monday, the California Film Commission announced 10 feature films that have been approved conditionally for tax credits under the state’s Film & TV Tax Credit Program 2.0. Other film on the list include “King Richard” starring Will Smith, a “Little Shop of Horrors” remake and “Purge 5.”
The films that have received tax credits to shoot in the Golden State are expected to collectively bring in more than $310 million, the state’s Film Commission said Monday, with “Sherlock Holmes 3” alone generating roughly $106.8 million in qualified expenditures — defined as below-the-line wages and payments to in-state vendors. That would make it the second highest project spending to date, just behind the $118 million in qualified expenditures for “Captain Marvel.” See more at The Wrap.