California bill increases Hollywood tax credits

September 18, 2014 9:31 PM

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California bill increases Hollywood tax credits

LOS ANGELES (AP) — Gov. Jerry Brown headed to the cradle of the Hollywood film industry Thursday to sign legislation that more than triples the state's tax credit to $330 million a year for films and TV shows produced in California.

Warren Beatty joined prop makers, producers and others in the entertainment industry to watch Brown ink Assembly Bill 1839 as he sat at a desk in the courtyard of Hollywood's historic Chinese Theatre.

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