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Tax Credit

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Hilton Unveils 60% Film Tax Credit to Revive California's Hollywood
politics1 month ago

Hilton Unveils 60% Film Tax Credit to Revive California's Hollywood

California gubernatorial frontrunner Steve Hilton proposes a sweeping film-tax-credit plan that could reach 60% for some productions, with no annual cap and eligibility expanded to post-production and above-the-line costs, plus a Governor’s Expediter role and a revamped California Film Commission to attract shoots back to the state—potentially a five-year kick-start funded by broader spending moves, and possibly supported by a federal credit; the plan targets competition from states like Georgia amid industry contraction and AI disruption, and Hilton cites Trump’s endorsement.

via The Hollywood Reporter|
#california#film-incentives#hilton
California Bets on The Simpsons Movie 2 with $21.9M Production Credit
entertainment1 month ago

California Bets on The Simpsons Movie 2 with $21.9M Production Credit

California’s expanded Film & TV Tax Credit program will grant The Simpsons Movie 2 a $21.9 million credit (35% of its qualified expenditures), as part of nearly $193 million in incentives for 38 films this year; the package marks animation’s first big share under the new rules, which doubled annual spending to $750 million, with other beneficiaries including Phineas and Ferb ($3.5 million) and a DreamWorks project ($24.7 million). The sequel is set for a July 23, 2027 release.

via Variety|
#animation#california#entertainment
CBS Eyes Local LA Cop Drama Flint With Matt LeBlanc
television1 month ago

CBS Eyes Local LA Cop Drama Flint With Matt LeBlanc

CBS is developing Flint, a Matt LeBlanc–starring cop drama that would be shot in Los Angeles, joining other CBS series filmed locally in a bid to boost LA production; the move comes as CBS executives push for expanded incentives—federal credits and California tax-credit improvements—along with above-the-line and post-production cost eligibility to revive Hollywood’s TV production base.

via Deadline|
#cbs#flint#los-angeles
House GOP Blocks Vote on Health Care Subsidy Extensions, Raising Premium Concerns
politics5 months ago

House GOP Blocks Vote on Health Care Subsidy Extensions, Raising Premium Concerns

The House will not vote this week on extending the ACA's enhanced premium subsidies, leading to frustration among moderate Republicans who warn of rising insurance costs for over 20 million Americans. An effort to include the extension in a GOP health plan was blocked, and despite calls for bipartisan action, no immediate solution is expected before the year's end.

via CBS News|
#gop#health-care#house
U.S. EV Market Faces Challenges as Tax Credits End and Prices Rise
business7 months ago

U.S. EV Market Faces Challenges as Tax Credits End and Prices Rise

Ford's U.S. electric vehicle sales dropped 25% in October after the end of the federal tax credit, signaling a challenging year for EV sales, although overall vehicle sales increased slightly. Ford's stock declined modestly, but the company remains resilient due to its traditional auto sales and better-than-expected tariff impacts. EV makers like Rivian and Lucid also saw declines, reflecting broader market concerns about EV demand.

via Barron's|
#business#electric-vehicles#ev-sales
Hyundai and Kia EV Sales Plummet After Tax Credit End
business7 months ago

Hyundai and Kia EV Sales Plummet After Tax Credit End

Hyundai's electric vehicle sales plummeted in October following the expiration of the federal tax credit, with a 63% drop in IONIQ 5 sales, although hybrid sales increased. Despite the decline, Hyundai remains optimistic about reaching record sales in 2025 and continues to offer incentives. The market disruption is attributed to a surge of buyers before the tax credit ended, affecting not only Hyundai but also other automakers like Ford, Kia, and Honda.

via Electrek|
#business#electric-vehicles#ev-sales
GM Leads U.S. EV Sales Surge Amid Tax Credit Expiry
business8 months ago

GM Leads U.S. EV Sales Surge Amid Tax Credit Expiry

General Motors set a new quarterly record for electric vehicle sales in Q3 2025, driven by high demand before the expiration of the federal $7,500 EV tax credit, with overall vehicle sales up 7.7% year-over-year. Despite a slowdown expected in Q4 due to the tax credit ending, GM's core ICE vehicle sales remain strong, and the stock has a Moderate Buy rating with a target price of $64, indicating potential upside.

via TipRanks|
#automotive#business#ev-sales
End of $7,500 EV Tax Credit Sparks Rush to Buy Electric Vehicles
business8 months ago

End of $7,500 EV Tax Credit Sparks Rush to Buy Electric Vehicles

The expiration of the $7,500 federal EV tax credit on October 1 is expected to lead to a decline in EV sales and potentially higher prices, although automakers may respond with discounts and incentives to maintain demand. The end of the credit could also result in reduced production and availability of EVs, but many consumers remain committed to purchasing EVs due to factors like performance and environmental concerns. The impact will vary across different vehicle models, especially luxury and larger vehicles that are not eligible for the credit.

via CNN|
#automakers#business#car-prices