California lawmakers eye fix for weakened Hollywood tax credit

California lawmakers are working toward a potential agreement to blunt the effects of new tax rules on the state’s $750 million film and television production incentive. This exclusive POLITICO Pro article examines the emerging framework, the negotiations with Gov. Gavin Newsom and what could change for productions using the credit.

What you’ll learn

• How new corporate tax-credit limits could affect California’s film and television incentive
• What lawmakers are considering to soften the impact for independent and major studio productions
• How the proposed changes could advance through last-minute budget legislation

Why this matters

As California’s session winds down, lawmakers are still negotiating changes with implications for one of the state’s signature industry incentives. POLITICO Pro helps policy professionals track late-breaking deals, understand the policy details and stay ahead of what could make it into a final package.

Fill out the form to read the full POLITICO Pro exclusive article.