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Assembly advances bill to modernize film and television tax credits to retain jobs
Summary
AB 1138 would increase and restructure California’s film and television tax credit program, raising credit rates and independent production allocations and targeting incentives to retain union jobs; proponents said the measure is a jobs bill to counter production losses to other states and countries.
SACRAMENTO — The Assembly Arts Committee on April 22 passed AB 1138, a measure to modernize California’s Film and Television Tax Credit Program by increasing credit rates, expanding eligible production types, and raising allocations for independent productions.
Jointly presented by several authors and labor and industry witnesses, proponents described the bill as a jobs measure aimed at stemming production losses to other states and countries that have adopted more generous incentives. "California's iconic film and television…
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