California Legislature Passes Fix for Hollywood Film Tax Credit Cap
California lawmakers have passed legislation to close a loophole in the state’s $750 million corporate tax credit cap for the film industry. The measure provides targeted relief for Hollywood productions while preserving overall budget limits.
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By The Associated Press, Sophie Austin
Read full article →California Lawmakers Pass Film Credit Fix on Tax Cap
The California Legislature has approved a budget fix for the entertainment industry that allows studios to cash in their tax credits faster. Both the Assembly and state Senate passed the bill, SB 186, before the end-of-session deadline of midnight on Monday. The measure seeks to address concerns raised by Hollywood stakeholders after the Legislature imposed […]
By Gmaddaus
Read full article →California Legislature Passes Bill to Address Catch in $750 Million Tax Credit for Hollywood
SB 186 would exempt indie projects from business tax credit caps and allow film and TV production to monetize their refunds faster.
By Katie Kilkenny
Read full article →California Lawmakers Officially Carve Out Compromises For Film Industry On Corporate Tax Credit Cap
The California Legislature passed a bill Monday night, as the legislative session neared its midnight deadline, to allow film and television studios a few key exemptions from a recently enacted statewide restriction on corporate tax credits. The fix was introduced on Friday evening and, given that California legislators have to consider legislation for 72 hours […]
By Katie Campione
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