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U.S. Senate Committee on Appropriations
California to hike film tax credits
California to hike film tax credits

It's been a slow summer at the box office, but Hollywood got a genuine blockbuster Wednesday — a $330-million deal that will help subsidize film and TV production in California for the next five years. In a last-minute compromise reached Wednesday, Gov. Jerry Brown said he would approve legislation that would more than triple the annual tax credits available for movies and TV shows produced in California. The bill is aimed at reversing the loss of location shoots to other states that offer rich incentives to studios and producers. Backers originally sought $400 million in tax credits over four years. Brown cut that by $70 million annually, but agreed to extend the program...

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