Sacramento’s Mad Legislative Dash To Fix Tax Credits SNAFU, Get Post-Production Incentive Passed, Or Not

EXCLUSIVE: With a very hard out of less than two weeks, state legislators in Sacramento are either going to be Scrooge or Santa with California’s film and TV tax incentives for the near-moribund L.A. industry. It’s a mixed result right now with a lot of good intentions, a lot of…

Lawmakers in Sacramento introduced a budget fix on Thursday that helps film producers by adjusting a state cap on tax credits. The agreement, first reported by Variety on Tuesday, falls short of a full carveout for film and TV tax credits from a blanket $5 million annual cap,…