In 2023, Newsom signed a law to make the tax credit “refundable” starting next year — meaning that studios can get cash back if they do not have sufficient state tax liability. The MPA ...

In 2023, Newsom signed a law to make the tax credit "refundable" starting next year - meaning that studios can get cash back if they do not have sufficient state tax liability. The MPA lobbied ...

Bush in 2004 and has been renewed ever since with regular support from the MPA and unions, though the unions are now requesting for the cap on that tax credit to double to $30 million with an ...