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California Senate Approves Film & TV Tax Credits Bill Sans $750M Funding Expansion (For Now)
The California Senate today voted 34-1 to approve its version of legislation aimed at expanding and retooling the state’s Film and Television Tax Credit Program
Hollywood sign and California Capitol buildingGetty Images The vote on Senate Bill 630 was 34-1, with the only nay coming from Sen. Roger Niello, who represents the city of Sacramento and surrounding areas. Along with Assembly Bill 1138 — which passed the Appropriations Committee last month — the legislation would expand the definition of a qualified motion picture, allowing additional projects to apply for the program, including series with episodes averaging 20 minutes or more, animation films, series, and shorts, and large-scale competition shows. Gavin Newsom in October proposed a significant increase to the overall cap on incentives, more than doubling it from $330 million to $750M annually.
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