The California state Assembly Appropriations Committee has unanimously approved a bill extending the state’s flick and television tax credit program for an additional two years, the LA Times reports.
The current extension of the program 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 bill now heads to the full Assembly for a vote likely next week.
The state Senate is expected to consider its version of the measure later this month.... See Complete Article @ Deadline Hollywood