Topics

Credit and Debt
Bill to triple California film tax credits clears the Legislature
Bill to triple California film tax credits clears the Legislature

A bill that would more than triple funding for California's film and TV tax credit program was overwhelmingly approved by the state Senate and Assembly on Friday. The Senate, as expected, on Friday approved by a 32-to-2 vote legislation that would increase funding for the state's film incentives to $330 million a year for five years, a substantial boost from the $100 million a year currently allocated under the film program. ---------- FOR THE RECORD: An earlier version of this post said the legislation would increase incentive funding to $330 million over five years. The bill would increase it to $330 million a year for five years. ---------- The bill also cleared the...

Loading