California Lawmakers Near Deal on Film Tax Credit Cap
Get the Culture newsletter
Daily culture — film, music, books, the trends and ideas worth your attention. Free.
- California lawmakers are closing in on a deal to help film producers facing new limits on their ability to monetize production tax credits.
- The proposed agreement falls short of the entertainment industry's goal of a full exemption from a $5 million annual cap on corporate tax credits.
Why it matters: The $5 million annual cap constrains how much production companies can reduce their tax liability through California's film credits, and a partial deal means producers gain some relief but remain bound by the cap the industry had lobbied to eliminate entirely.
Ask SkimNews
