The California production community can breathe a sigh of relief: State lawmakers have officially introduced a bill meant to allow studios a few key exemptions from a recently enacted restriction on corporate tax credits.
AB136, introduced Friday evening, addresses concerns raised from stakeholders including the Motion Picture Association about the threat of undermining the efforts to expand California’s Film & TV Tax Credit pool to $750 million.
Lawmakers have to consider legislation for 72 hours before voting. With that in mind, a vote on AB136 is likely to come Monday evening, hours before the midnight end to
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