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Updated Senate bill slashes wind and solar incentives — and adds a new tax
An updated draft of the Senate’s megabill text slashes tax incentives for wind and solar energy – and adds a new tax on ...
Senate Republicans seek to end EV tax credit by September 30
Republicans have taken aim at EVs on a number of fronts, a reversal from former President Biden's policy that encouraged ...
California lawmakers approve expanded $750-million film tax credit program
State lawmakers have voted to raise the cap on film and TV production incentives to $750 million, up from $330 million under ...
The child tax credit could be worth over $2,000 under Republicans' spending plan — but millions of families wouldn't benefit
Congress is trying to increase the maximum credit amount through its budget reconciliation process, but the chambers differ ...
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The Future of the Child Tax Credit: Proposed Changes and Their Impact
The Child Tax Credit (CTC) has long been a cornerstone of financial support for families with children in the United States. Currently, parents earning $200,000 or less can claim a $2,000 credit per ...
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GOP releases megabill text with land sales, tax credit rollbacks
The Senate released new megabill text overnight with stricter treatment for renewable energy incentives from the Democrats’ ...
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Electric car tax credit could be scrapped within months despite warning it could 'devastate' drivers
The conflict has intensified as Senate Republicans push forward with legislation that would terminate the $7,500 (£5,474) tax credit for new electric vehicle purchases by September 30. Despite this, ...
California Lawmakers Officially Secure $750M Annually For Film & TV Tax Credit Program With Final Budget Vote
The California Legislature has officially made Gov. Gavin Newsom’s proposal to up the annual Film & TV Tax Credit funding to ...
California Approves Expansion of Film Tax Credit Program to $750 Million
The California legislature has approved as part of a budget package an increase to the state’s allotment of funds for filming ...
LA Film Production May See Lifeline Soon With $750 Million Tax Credit Plan on Verge of Passing
Jeremy Fuster, Film Reporter, joined TheWrap in 2016 and covers box office and labor news. He received a National Arts & ...
Will a GOP 'Big Bill' Incentive Help Donors Avoid Capital Gains Tax?
As U.S. Senate Republicans mark up their version of the One Big Beautiful Bill Act, one provision proposed a major tax break for private school donors.