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flag California proposes major tax credit increases to attract film productions and create jobs.

flag California is considering significant changes to its Film and Television Tax Credit Program to attract more high-budget productions and counter job losses. flag Bills AB 1138 and SB 630 aim to increase the tax credit rate from 20% to 35% and expand eligibility, while Governor Newsom proposes raising the annual cap from $330 million to $750 million. flag This move aims to boost employment and compete with other states offering larger tax incentives, though its economic impact remains debated.

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