California Tries Offering Hollywood New Perks to Make Up for Catch In $750 Million Incentive Program

California Tries Offering Hollywood New Perks to Make Up for Catch In $750 Million Incentive Program

The legislation introduced Friday proposes to exempt indie productions from business tax credit caps and allow productions to monetize their refunds faster.

CA Lawmakers Compromise With 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 […]

California Lawmakers Reach Deal to Amend Production Tax Incentive Ahead of Deadline

A new trailer bill accelerates tax credit payouts for major productions, but stops short of a full exemption from a newly passed $5 million annual cap on business tax breaks The post California Lawmakers Reach Deal to Amend Production Tax Incentive Ahead of Deadline appeared first on TheWrap.

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 […]

California Budget Trailer Bill Addresses Hollywood Tax Credit Issue

After failing to secure an exemption for the entertainment industry, stakeholders have made a last-minute proposal to mitigate the impact of California‘s new business tax credit regulations on Hollywood. State Assemblymember Rick Chavez Zbur and Senator Ben Allen on Friday introduced AB/SB 186, which if passed would exempt indie projects from the state‘s new business […]