Chamber of Deputies approves lowering film incentives

The Chamber of Deputies approved on Wednesday legislation that would limit film incentives to a maximum of CZK 150 million for a project per year, the Czech News Agency reports.

The limitation to the incentives was included in the legislation through the input of Culture Minister Martin Baxa, who has said in the past that the current system is not functional due to high demand and that the new measure could help improve access to incentives for Czech producers.

The basic film incentive is currently set at one fifth of the eligible costs. A total of 800 million crowns have been allocated for incentives for 2022. However, producers are demanding more money.

The legislation will have to be approved by the Senate before it can be signed off by the president.