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Show Us The Money: When Can Productions Expect To Reap Benefits Of California’s Proposed $750M Film & TV Tax Credit Expansion?
California is poised for a pretty major overhaul of its Film & TV Tax Credit Program, but when will productions feel the effects?
Amid the swirl of the Trump administration’s nascent plans to “Make Hollywood Great Again,” California is on the verge of revamping its Film & TV Tax Credit Program in the hopes of reinvigorating the state’s production pipeline. The sister bills currently making their way through the state Senate and Assembly, SB630 and AB1138 — a hot topic of conversation at this past week’s Deadline-hosted SAG-AFTRA event gathering politicians and industry labor leaders — seek to do more than just provide additional finance incentives to studios who bring physical production back to California. While lawmakers expressed some skepticism early on about the proposed amendments to the program, and whether more than doubling the current incentive cap is the best use of those funds in the state budget, they have passed fairly easily through committee votes thus far.
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