California’s Newsom Doubles Film Tax Credits to Revitalize Hollywood

California’s Newsom Doubles Film Tax Credits to Revitalize Hollywood
2 months ago

In a strategic move to rejuvenate California's film industry, Governor Gavin Newsom has announced a significant increase in film tax credits. This decision comes amid growing concerns regarding the competitive landscape for Hollywood, as production shifts to other states and nations offering more attractive incentives. The state will double its existing film tax credits, elevating the total available credits from $330 million to a remarkable $660 million annually.

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Concerns Over 2024 Election Cast a Shadow on U.S. Electric Vehicle Sales

Concerns Over 2024 Election Cast a Shadow on U.S. Electric Vehicle Sales
2 months ago

The electric vehicle (EV) market in the United States has hit a significant snag, as sales data reveals a worrying trend linked to uncertainties surrounding the upcoming 2024 presidential election. Analysts are reporting that potential changes to EV tax credits, which could be influenced by the election outcome, are causing hesitation among consumers and manufacturers alike.

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