Under the legislation, companies will receive only 96% of their tax credit allocation. The legislators will also get their key priority: a provision encouraging workforce diversity both on camera and behind the scenes. It includes refundability - a top priority of the studios - as well as new set safety regulations, which were a top priority for the entertainment unions. The California legislation is the result of more than a year of bargaining between unions, studios, legislators and the governor’s office. “New Jersey wants to be the East Coast hub of arts and cinema.” Vin Gopal, a Democrat who sponsored the bill, and who represents the area. “It’s going to have a huge local economic impact,” said state Sen.
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