The California state legislature increased the cap on tax incentives for film and television production from $330 million to $750 million.

The floor vote comes after the state legislature reached a deal with Gov. Gavin Newsom on a $321 billion budget for the coming fiscal year The post California Lawmakers Pass Cap Raise for $750 Million Film Tax Incentive appeared first on TheWrap.

The Legislature voted Friday to increase the cap on the program from $330 million a year to $750 million. The Assembly approved a budget trailer bill on a vote of 64-1, while the Senate passed it 31-3. The leadership of both houses agreed to the increase as part of a $321 billion budget deal that was finalized on Tuesday.