Legislator Seeks to Exempt Cap for Hollywood Tax Credits

California legislators scramble to save film tax credit program from ...

Tax credit cap: What makes the film industry so special?

As we’ve argued before, Hollywood should use its massive political clout to pressure Sacramento for an overall better tax and regulatory climate that benefits everyone, filmmakers included.

Legislator seeks to exempt cap for Hollywood tax credits

(The Center Square) - Legislators fear California will become noncompetitive again in attracting major film and TV productions if changes aren’t made to the state budget.

Gavin Newsom’s tax scheme could kill Hollywood jobs, lawmakers warn

Lawmakers are calling on Gov. Gavin Newsom to exempt the state’s film and TV production incentive program from a recently approved cap on corporate tax credits.

California lawmakers say provision in state budget could undo film and TV tax credit program

After years of trying to bring the film industry back to Hollywood, it seemed that the recently passed tax incentive program was working for California. Now, more than 40 state lawmakers are warning that a provision buried in the new state budget could undo their progress.

Newsom Budget ‘Kneecapped’ Hollywood Tax Credit, Lawmakers Say

A California business tax credit cap aimed at saving $4 billion threatens to drive away film and television production, according to a letter signed by a bipartisan group of lawmakers who demanded a quick fix to the budget signed by Governor Gavin Newsom.