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Newsom wants to give Hollywood a big new perk. Will lawmakers agree?

Por: Los Angeles Times Business March 23, 2023

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Movie studios would be eligible for a long-sought perk under Gov. Gavin Newsom’s proposal to let them convert a portion of their state tax credits into cash payments, essentially creating a government subsidy for Hollywood that California doesn’t offer to any other industry. If Newsom’s plan is passed by the Legislature and signed into law, California’s film tax credit program would become “refundable” in 2025 — meaning that on top... + full article



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