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California Lawmakers Settle on Partial Film Carveout From Tax Credit Cap
California lawmakers have agreed on a partial carveout for the film and TV industry from a state cap on tax credits. The bill, AB 186, was unveiled on Friday evening.
AI Summary
California lawmakers approved a partial carve‑out that exempts the film and television sector from the state’s overall tax‑credit cap. The measure, identified as AB 186, was introduced on Friday evening. This adjustment aims to preserve tax‑credit benefits for productions despite the broader limitation.
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