Legislation which would extend the program for two years cleared the Assembly today on a 70-4 vote. Funding for the bill that allocates $100 million yearly in credits expires next year. Industry proponents had hoped for a longer extension but lawmakers were skittish because of the state’s fiscal situation. The state Senate is expected to hold its first committee hearing on its version next week.
By THE DEADLINE TEAM | Thursday August 16, 2012 @ 11:30am PDT
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This article was printed from http://www.deadline.com/2012/08/california-filmtelevision-tax-credit-extension-clears-state-assembly/
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