California Senate Cuts Newsom Ask for Film Tax Credit Funds (1)

A bill to broaden eligibility for California’s film and television tax credit but keep annual funding at the current level of $330 million passed the Senate on Tuesday, setting up a conflict with Gov. Gavin Newsom (D).

Senators voted 34-1 to pass the bill (S.B. 630) by Sen. Ben Allen (D), sending it to the Assembly for consideration. The vote signals to Newsom that lawmakers are resisting his request to increase annual funding for the credit to $750 million. He is negotiating with them to include the funding boost in the state budget for the fiscal year that ...