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California proposes expanding film tax credits to $750M to attract productions and save jobs.
California lawmakers have introduced bills to expand the state's film and television tax credit program, aiming to attract productions back to California and compete with other states and countries.
The proposed changes include increasing the annual cap to $750 million and expanding the types of productions eligible for credits, such as reality TV and animation.
The initiative, supported by Governor Gavin Newsom and Hollywood unions, seeks to boost the local economy and retain high-quality jobs in the entertainment industry.
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California propone ampliar los créditos fiscales para películas a $750M para atraer producciones y ahorrar empleos.