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California Film Credit Expansion in Flux as Lawmakers Delete References to $750 Million
The expansion of the California film and TV tax credit is in flux, as committees removed references to an increase to $750 million from two bills.
The expansion of the California film and TV tax credit, which industry stakeholders argue is key to protecting jobs in the state, hit a snag on Friday, as lawmakers deleted references in bill language to raising the program cap to $750 million. Two bills, AB 1138 and SB 630, have been working their way through the legislative process to enact that increase and other changes to make the program more attractive to producers. “We’re certainly disappointed in this direction, and it’s something we are going to push back against as budget negotiations begin to heat up,” said Sen. Ben Allen, who authored the Senate version of the bill.
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