The California state legislature increased the cap on tax incentives for film and television production from $330 million to $750 million.

The floor vote comes after the state legislature reached a deal with Gov. Gavin Newsom on a $321 billion budget for the coming fiscal year The post California Lawmakers Pass Cap Raise for $750 Million Film Tax Incentive appeared first on TheWrap.

California legislators have voted to approve a major expansion of the state’s tax credit for film and TV production, which has been a key priority for Gov. Gavin Newsom. The Legislature voted Friday to increase the cap on the program from $330 million a year to $750 million.