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Entertainment

Lawmakers Offer Film Industry a Fix on California Tax Credit Cap

Variety ·
Lawmakers Offer Film Industry a Fix on California Tax Credit Cap

Lawmakers in Sacramento introduced a budget fix on Thursday that helps film producers by adjusting a state cap on tax credits.

The agreement, first reported by Variety on Tuesday, falls short of a full carveout for film and TV tax credits from a blanket $5 million annual cap, which industry leaders have been seeking since June.

Read the full article on Variety ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on variety.com — the content belongs to Variety.

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