New Film & TV Tax Credit Bill Unanimously Passes First Hurdle In Sacramento
March 28th, 2014 by admin
A new bill intended to expand and overhaul California’s current $100 million Film and TV Tax Credit program passed its first legislative test today as the state Assembly’s Arts, Entertainment, Sports, Tourism, And Internet Media committee voted unanimously in support of the measure. Introduced on February 19, the California Film and Television Job and Promotion Act now moves to the Revenue and Taxation Committee and then the Appropriations committee as it heads its way to a full vote, a state Senate twin and eventually Gov. Jerry Brown‘s desk by the end of the summer. A long political route that AB 1839’s backers think will prove successful.