Los Angeles Times: Extension of California filming tax credit passes key legislative hurdle

The effort to extend California's filming tax credit beyond its 2020 expiration date has passed a key government hurdle, moving the initiative closer to a vote by the state's legislative body.

On Wednesday, the Senate Governance and Finance Committee gave its stamp of approval to the bill, known as SB 832, which would extend the tax credit program by five years to 2025. The bill would keep the annual limit of new credits at its current level of $330 million.

In the weeks ahead, the bill will need approval from the Appropriations Committee before voting by the full state Senate and Assembly.

The bill was authored by state Sen. Anthony Portantino (D-La Cañada Flintridge) and joint authored by Sen. Kevin de León (D-Los Angeles) and other senators. A similar bill known as AB 1734 has been working its way through the Assembly and contains similar provisions.

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