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California’s Film Tax Cap Sparks Alarm | Fort Wayne News
California’s film industry braces for a major blow as a new $5 million cap on tax credits per production threatens to drive big-budget shoots to states like Georgia and New Jersey, undoing years of effort to lure Hollywood back home. Passed in Senate Bill 122, the cap reverses last year’s record $750 million funding boost under Governor Newsom. Lawmakers, including Assemblymember Rick Chavez Zbur, are sounding the alarm — calling the cap an unintended consequence that could cost California billions in economic activity and jobs. With the legislative session ending in August, lawmakers are…
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