California Lawmakers Introduce Film Industry Exemption From Corporate Tax Credit Cap
State legislators have introduced a compromise measure that would grant the entertainment sector a partial exemption from a newly proposed limit on corporate tax credits. The legislation aims to protect California’s film production economy while addressing broader fiscal constraints.
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California Lawmakers Settle on Partial Film Carveout From Tax Credit Cap
California lawmakers have agreed on a partial carveout for the film and TV industry from a state cap on tax credits. The bill, AB 186, was unveiled on Friday evening. It addresses concerns raised in June by the Motion Picture Association and a coalition of entertainment unions, who argued that the cap threatened to undermine […]
By Gmaddaus
Read full article →California Lawmakers Introduce Compromise For Film Industry On Corporate Tax Credit Cap
The California production community can breathe a sigh of relief: State lawmakers have officially introduced a bill meant to allow studios a few key exemptions from a recently enacted restriction on corporate tax credits. AB136, introduced Friday evening, addresses concerns raised from stakeholders including the Motion Picture Association about the threat of undermining the efforts […]
By Katie Campione
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