Some Good News in California - Tax Credit Bill Passes in the Senate
Natalie Nelson
Administrator Posts: 115
in General
California's SB 630 passed its floor vote this week with 34 senators voting in favor of the bill (only one vote against).
Next up is the the State Assembly vote on AB 1138, schedule for this Thursday (June 5).
Voting on Governor Gavin Newsom's budget overall expansion will take place on June 15.
The legislation comes as states across the US are ramping up their film and TV tax incentives programs in an effort to lure production away from California. Including New York, which recently increased it's incentive to $800M with the passage of Governor Kathy Hochul's budget.
Additional details on the California bills can be found here:
We'll be keeping a close eye on the developments – stay tuned!
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