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Film Industry Exhausts Full $38M FY22 Tax Credit Budget on 4 Projects

The Department of Economic Development and Commerce’s (DDEC, in Spanish) Film Industry Development Program has already assigned the full $38 million in tax credits available for Fiscal 22 to just four productions, before the start of the year on July 1, News is my Business confirmed. The situation has surprised local industry executives and drawn the attention of the Puerto Rico Senate. READ MORE

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