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California Film Tax Credits Get Boost | Los Angeles News
Description
California’s film industry is getting a lifeline as lawmakers tweak the state’s tax credit program to keep Hollywood homegrown. With AB 186, studios can now stretch unused credits up to 15 years and cash out nearly all of them—up to $95%—as fast as two years, potentially unlocking millions in refunds. This comes amid a political tug-of-war over corporate tax caps signed by Governor Newsom, which threatened to cripple the film sector. Though not fully exempted, filmmakers are celebrating this compromise as a crucial win for jobs and investment, even as it costs the state up to $170 million annually.
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