Episode Details

California just dropped the five-million-dollar tax credit cap for independent filmmakers — a major win after fierce industry lobbying — while also extending credit holding time to 15 years and slashing refund wait times from five to two years. With over $6 billion in production spending and nearly 35,000 jobs supported in its first full year, the state’s film incentive program is vital to keeping Hollywood home. The bipartisan bill now awaits Governor Newsom’s signature, with lawmakers already eyeing broader exemptions next year to stay ahead in the global TV and film race.

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