California Lawmakers Settle on Partial Film Carveout From Tax Credit Cap

Variety reports that California lawmakers have reached an agreement on a partial carveout for the film and television sector from the state's tax‑credit cap, unveiling bill AB one hundred eighty‑six on Friday evening. The measure responds to concerns raised in June by the Motion Picture Association and a coalition of entertainment unions, who warned the cap could undermine the industry's financial incentives. By carving out a portion of the credit, the bill aims to preserve California's ability to attract and retain production activity.

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