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News: General

Variety - Congressional Democrats Urge California to Expand Production Credit

Tuesday, July 29, 2014   (0 Comments)
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Still to be resolved in the legislation is the amount that will be allocated each year for tax credits, currently set at $100 million per year. Negotiations are ongoing between the principal authors of the legislation, Rep. Mike Gatto and Rep. Raul Bocanegra,  and Gov. Jerry Brown (D-Calif.). Los Angeles city officials have been pushing for a figure that is competitive with other states, particularly New York, which allocates about $420 million per year.


- Read the full article at 
http://variety.com/2014/biz/news/congressional-democrats-urge-california-to-expand-production-credit-1201271218/

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