House and Senate committees today unanimously approved renewing the tax credit for movie and TV production in Washington.
What’s more, both panels agreed to enlarge the $3.5-million-per-year credit, though not by as much as had originally been proposed by the committees’ chairwomen, Seattle Democrats Jeanne Kohl-Welles and Phyllis Gutierrez Kenney.
The House bill would phase in an expansion of the credit to $5.5 million a year, starting with $4 million this year. The Senate bill would go farther, increasing the credit right away to $5 million and phasing in an expansion to $8 million.
“We want TV shows. We …