# California Lawmakers Demand Fix for Film Tax Credit Cap | Venice Beach News

Page: https://stenobird.com/podcast/venice-beach-news-today-2-min-news-the-daily-news-now-7561931/california-lawmakers-demand-fix-for-film-tax-credit-cap-venice-beach-news
Text version: https://stenobird.com/podcast/venice-beach-news-today-2-min-news-the-daily-news-now-7561931/california-lawmakers-demand-fix-for-film-tax-credit-cap-venice-beach-news.md
Podcast: [Venice Beach News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/venice-beach-news-today-2-min-news-the-daily-news-now-7561931)
Published: 2026-07-13T01:32:02+00:00
Episode link: https://sources.thednn.ai/5e68c40cf9585552
Audio file: https://api.fastcast.ai/audio/2ddb8b8b-f5ae-467a-9870-4eb3c685d115.mp3
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Duration seconds: 106

## Resource

California lawmakers are sounding the alarm to Governor Newsom, warning that new corporate tax credit caps in the state budget could cripple the booming film and TV industry, jeopardizing thousands of jobs and undoing progress made last year. The new limit—$5 million or 50% of a company’s state tax bill—threatens the $750 million annual incentive program that’s already pumped $6 billion into the economy and created over 34,000 jobs. Lawmakers, including Assemblyman Rick Chavez Zbur, argue the cap was misunderstood and could force productions to relocate, reversing years of growth after pandemic setbacks and strikes. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/5e68c40cf9585552

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## Transcript

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