California Expands $750 Million Film Tax Credits Amid Mixed Reactions
TL;DR
California politicians, who once opposed Hollywood tax breaks as corporate welfare, are now supporting a $750 million subsidy to boost movie and TV production, claiming it will create jobs, reflecting a shift from past opposition to industry support.
- Democrats Cheer Hollywood Tax Breaks They Once Called ‘Corporate Welfare’ The New York Times
- California legislature acts to keep film and TV production at home The Guardian
- California lawmakers approve expanded $750-million film tax credit program Los Angeles Times
- California Lawmaker: Why I Voted “No” On Giving Hollywood $750 Million in Tax Incentives The Hollywood Reporter
- Scott Budnick: How Hollywood Got Lawmakers To Expand Film & TV Tax Credit Deadline
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