Hollywood Reporter

California Legislature Passes Bill to Address Catch in $750 Million Tax Credit for Hollywood

SB 186 would exempt indie projects from business tax credit caps and allow film and TV production to monetize their refunds faster.

This is a short WorldPing brief. The full report was published by Hollywood Reporter.

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California Lawmakers Pass Film Credit Fix on Tax CapWorldPing
Variety

California Lawmakers Pass Film Credit Fix on Tax Cap

The California Legislature has approved a budget fix for the entertainment industry that allows studios to cash in their tax credits faster. Both the Assembly and state Senate passed the bill, SB 186, before the end-of-session deadline of midnight on Monday.

Brief by WorldPing · Original reporting by Variety