Yea, tax incentives are a major factor in determining the movie making locations now-a-days and Hollywood is losing a lot of business.
Does anyone have the precise tax law/advantages regarding movies made within California?
I have heard that Louisiana offers the best tax incentives within the US, but I'm not too sure about that.
Here's some interesting background on this forthcoming WWZ flick:
$125,000,000 Budget, to be released on June 21, 2013.
After a bidding war with Leonardo DiCaprio's production company (Appian Way), Brad Pitt's Plan B Entertainment secured the screen rights to the novel in 2007
An early script was leaked onto the internet in 2008. Ain't It Cool News reviewed the script in March 2008, and said "This isn't just a good adaptation of a difficult book... it's a genre-defining piece of work that could well see us all arguing about whether or not a zombie movie qualifies as 'Best Picture' material".
According to Ain't It Cool News, the film follows Gerry Lane as he travels the post-war world and interviews survivors of the zombie war who are "starting to wonder if survival is a victory of any kind."
Filming in Budapest commenced on the evening of October 10, 2011.[42] That morning, the Hungarian Anti-Terrorism Unit raided the warehouse where guns had been delivered for use as filming props.[42] The 85 assault rifles, sniper rifles, and handguns had been flown into Budapest overnight on a private aircraft, but the film's producers had failed to clear the delivery with Hungarian authorities, and while the import documentation indicated that the weapons had been disabled, all were found to be fully functional.[42][43] On February 10, the charges were dropped after investigators were unable to identify exactly which "organization or person" had "ownership rights", therefore they couldn't "establish which party was criminally liable".[44]
Thanks to Waikipedia and friends