California Lawmakers Introduce Compromise For 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

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 und