19 Hrs
Source:
Los Angeles Times
Sacramento approves tax relief for indie filmmakers
California lawmakers approved modifications to the state’s film and TV tax credit program to help support the industry’s recovery. Key changes include exempting independent filmmakers from the $5 million corporate tax credit cap and allowing producers to carry forward tax credits for up to 15 years and receive refunds more quickly. The bill aims to keep California competitive amid industry challenges and awaits Governor Newsom’s signature.
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