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Tax Credits

All articles tagged with #tax credits

policy19 days ago

Liccardo rolls out SKILL Act to fund AI-ready training via tax credits

Rep. Sam Liccardo unveiled the SKILL Act, a policy to spur private investment in AI-ready training by authorizing $500 million annually in state-distributed tax credits for companies that fund curricula development, internships, apprenticeships, labs, and other learning initiatives at colleges and universities; eligible employers would get $2,500 for each student who completes a program and an extra $2,500 for each graduate they hire, with support from lawmakers like Rep. Jimmy Panetta and industry groups such as Nvidia, TechNet, the Digital Chamber, and the Chamber of Progress.

via Politico|
#ai#higher-education#policy
Hollywood Urges Carve-Out as CA Film Credits Face Caps
business22 days ago

Hollywood Urges Carve-Out as CA Film Credits Face Caps

A coalition led by the Motion Picture Association warns Gov. Newsom that proposed caps on California film tax credits (a $5 million annual limit for three years and a permanent 70% liability cap starting in 2030) would chill production and cost tens of thousands of middle-class jobs, pushing for an exemption to keep credits fully usable; state officials argue the cap is a budget compromise with some credits still redeemable or transferable.

via Variety|
#business#california-budget#film-incentives
Hollywood Production Drifts Abroad as LA Costs Rise
business25 days ago

Hollywood Production Drifts Abroad as LA Costs Rise

Hollywood’s status as the global hub for film and TV is being tested as production exits Los Angeles due to higher costs, labor rules, and permitting hurdles. Global and domestic competitors—Britain, Canada, Romania, and U.S. states like Georgia—offer more generous incentives, prompting a long-running shift in where movies and shows are made. Lawmakers are weighing federal subsidies to keep U.S. projects from moving overseas, while California struggles to modernize its incentives and reduce costs in a bid to preserve its industry. Despite the pressures, LA remains the largest production center, with some high-profile shows still choosing to shoot there when talent and arrangements justify the expense.

via Variety|
#business#film-production#hollywood
Simpsons Sequel Lands $21.9M California Subsidy Amid Animated-Feature Tax-Credit Expansion
business2 months ago

Simpsons Sequel Lands $21.9M California Subsidy Amid Animated-Feature Tax-Credit Expansion

California approved $21.9 million in film tax credits for The Simpsons Movie sequel as part of a broadened program that now includes animated features; the 38 subsidized projects total about $193.5 million in credits and are expected to generate roughly $800 million in economic activity across more than 1,000 shooting days and over 5,300 jobs, underscoring animation’s rising role in the state’s film incentives.

via hollywoodreporter.com|
#animation#business#california-film-industry
ACA subsidies brace for bigger paybacks as caps end and eligibility tightens
health3 months ago

ACA subsidies brace for bigger paybacks as caps end and eligibility tightens

Tax time could bring big surprises for people who got ACA premium subsidies: they must reconcile actual income with subsidies on their tax return using Form 8962, and rising income can trigger repayment. While 2025 subsidies carried caps ($375–$1,625–$3,250 depending on income), a new law ends those caps for 2026 if income exceeds projections, potentially leaving some enrollees owing thousands. The covid-era enhanced credits expired, pushing required premium contributions higher (roughly 2% to 10% of income) and eliminating subsidies for households over four times the federal poverty level. With the 2025 average premium about $619 and subsidies covering most of it, a hike in income or loss of subsidy could mean big bills; many enrollees are considering working more hours to cover costs, which could further reduce subsidy eligibility. The guidance: track income changes during the year on the marketplace, adjust projections, and work with tax professionals; strategies like retirement contributions or HSAs can affect subsidy calculations.

via CNN|
#aca-subsidies#health#income-estimation
Rob Lowe Urges a LA Film Comeback, Blaming Tax-Credit Gaps
entertainment5 months ago

Rob Lowe Urges a LA Film Comeback, Blaming Tax-Credit Gaps

Rob Lowe says it’s “criminal” that Los Angeles has ceded much of film and TV production to other states and countries, blaming the lack of above-the-line tax credits that reward salaries for actors, writers and directors. He notes other places offer incentives that attract big shows, though California has begun improving its incentives. Lowe was able to stay in LA to shoot his Sundance-released film The Musical, illustrating how incentives influence where filming happens.

via Variety|
#entertainment#film-production#los-angeles
California bets $200M on keeping EVs affordable in budget plan
technology5 months ago

California bets $200M on keeping EVs affordable in budget plan

Governor Gavin Newsom's 2026–27 budget proposes a one-time $200 million light-duty zero-emission vehicle incentive program to maintain EV affordability in California. The plan's per-vehicle breakdown hasn't been disclosed, but reports describe an instant discount at purchase, with potential consideration of used-EV credits. The proposal must still clear the state Legislature, and California's momentum for EV adoption—about 30% of auto sales in Q3 2025—drives the initiative.

via Engadget|
#budget#california#evs
House Approves 3-Year Extension of Obamacare Subsidies
politics6 months ago

House Approves 3-Year Extension of Obamacare Subsidies

Colorado's congressional representatives reacted to the House's passing of a 3-year extension for ACA tax credits, with some Republicans calling for reforms due to concerns over fraud and waste, while Democrats support the extension as a starting point for broader negotiations. The legislation faces challenges in the Senate, which previously rejected a similar extension.

via CBS News|
#affordable-care-act#colorado#congress
Upcoming Changes to Solar Incentives and Costs in 2026
energy6 months ago

Upcoming Changes to Solar Incentives and Costs in 2026

The removal of US federal tax credits for residential solar panels, batteries, and heat pumps by 2026, along with tariffs and domestic manufacturing mandates, is expected to increase costs for home electrification. However, new financing models like lease-to-own and ongoing energy savings may mitigate some expenses, while tariffs could raise prices on imported components. Despite these changes, demand for solar and heat pumps is expected to remain strong due to rising electricity costs and environmental considerations.

via Bloomberg.com|
#energy#heat-pumps#home-electrification