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Film tax credit gets OK from Senate
A proposal to create a new tax credit for film productions split Republicans but managed to garner just enough support to pass today in the Senate. The debate over measure, which still needs the House’s approval, illuminates a deep divide that is plaguing the majority party over how best to set the conditions for a robust economy.
Sens. Gould, Nelson spar over advancing new tax credits for film industry
Tension among Republicans in the Senate this morning nearly boiled over during a caucus meeting regarding legislation to create new tax credits for the film industry. Some oppose the proposal, and at least one Republican tried to keep the bill from advancing to the floor by invoking an informal rule to block the bill’s progress.
