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New Tax Credit to Bring Hollywood Jobs Back | Los Angeles News
California has introduced a post-production tax credit to attract film and TV projects back to the state, with Governor Newsom signing a bill providing ten million dollars annually, significantly less than the hundred million originally sought. A federal tax credit, the Motion Picture, Television and Entertainment Revitalization Act, is also in the works with bipartisan support, potentially impacting the industry further. Local production companies express concern that the state credit may not www.TheDailyNewsNow.com This is an automated, high-level news summary based on public reporting and…
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