California Film Credit Expansion in Flux as Lawmakers Delete References to $750 Million

California Film Credit Expansion in Flux as Lawmakers Delete References to $750 Million

The expansion of the California film and TV tax credit, which industry stakeholders argue is key to protecting jobs in the state, hit a snag on Friday, as lawmakers deleted references in bill language to raising the program cap to $750 million. Gov. Gavin Newsom vowed last fall to increase the program from $330 million to $750 million. Two bills, AB 1138 and SB 630, have been working their way through the legislative process to enact that incr…