Legislation which would extend the program for two years cleared the Assembly today on a 70-4 vote. Funding for the bill that allocates $100 million yearly in credits expires next year. Industry proponents had hoped for a longer extension but lawmakers were skittish because of the state’s fiscal situation. The state Senate is expected to hold its first committee hearing on its version next week.
California Film/Television Tax Credit Extension Clears State Assembly
What's Hot on Deadline
'Crazy Rich Asians' Even Richer On Saturday With $10M+; Weekend Bling Now At $25M+ With $34M 5-Day Debut
'Meg' Munches On $300M+ & 'M:I- Fallout' Jumps Over $500M WW In Milestone-Rich Frame - International Box Office
'American Horror Story: Apocalypse': Ryan Murphy Posts First Look At 'Coven' Reunion With Stevie Nicks