California’s program that provides tax relief to film and TV productions is potentially looking at a major revamp amid an increasingly tit-for-tat race to host Hollywood.
Lawmakers, in a revised version of a bill that aims to increase the cap on the program from $330 million to $750 million a year submitted on Tuesday, propose vastly boosting the credit to 35 percent while expanding the category of productions that qualify to include shorter TV shows, animated titles and certain types of unscripted projects.
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Didn’t see that coming…
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