California capped business tax credits at $5M/year in June and didn't exempt Hollywood, which is trying to fix the issue before the legislature ends August 31 (Katie Kilkenny/The Hollywood Reporter)

Katie Kilkenny / The Hollywood Reporter : California capped business tax credits at $5M/year in June and didn't exempt Hollywood, which is trying to fix the issue before the legislature ends August 31 &mdash; A new bill, signed into law on June 29, could persuade film and TV projects to take their business elsewhere.