Gov. Newsom Aims to Make California Film Tax Credit Refundable, in Boost to Studios

California Gov. Gavin Newsom vowed on Tuesday to make the state’s film and TV tax credit refundable, in a major change to the program that marks a significant benefit to studios. If approved by the Legislature, the change will allow companies that have little California tax liability — particularly streaming services like Netflix — to […]

from Variety https://ift.tt/Fa0H9bM

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