The California production community can breathe a sigh of relief: State lawmakers have officially introduced a bill meant to allow studios a few key exemptions from a recently enacted restriction on corporate tax credits.

AB136, introduced Friday evening, addresses concerns raised from stakeholders including the Motion Picture Association about the threat of undermining the efforts to expand California’s Film & TV Tax Credit pool to $750 million.

Lawmakers have to consider legislation for 72 hours before voting. With that in mind, a vote on AB136 is likely to come Monday evening, hours before the midnight end to the legislative session.

The state budget, passed this summer, seeks to stabilize revenue by preventing corporations from offsetting more than $5 million in tax liability annually for the next three years. Several advocacy groups pushed for a complete exemption, but the solution introduced by lawmakers on Friday evening does fall short of that.

Instead, only independent productions will be completely exempt from the $5 million cap. The legislation also addresses concerns about the payback period for studios that have elected to refund credits for cash. Current law allows studios to get cash instead of claiming the credit against tax liability for a 10% discount on the total with a payback period of five years. The fix accelerates that to two years with just a 5% discount.

The new legislation will also extend the expiration date of the non-refundable tax credits that were issued prior to 2025.

As the world mourns Dolly Parton, Tennessee has plans to immortalize the late Queen of Country while welcoming visitors to Music City.

On Friday, Gov. Bill Lee‘s office announced a partnership with the Nashville International Airport (BNA) in conversations with Parton’s team to rename the airport in honor of the 11x Grammy-winning country pop/songstress, who died at age 80 on Tuesday.

The Metro Nashville Airport Authority will discuss its naming policy and Gov. Lee’s proposal to rename the airport at its Thursday, Sept. 17 meeting.

“Dolly Parton’s extraordinary life is forever woven into the fabric of our state,” said Gov. Lee in a statement. “From her rural mountain home in East Tennessee to global stages, Dolly carried the Volunteer Spirit with her.

“At a place where Tennessee welcomes the world, it is fitting that Nashville International Airport would bear the name of our state’s favorite daughter and greet travelers with the enduring legacy of Dolly’s music, generosity, faith and kindness,” he added.

Born Jan. 19, 1946 in Pittman Center, Tennessee, Parton lived with husband Carl Dean in his native Nashville for several years, and he died there last March at age 82.

Parton’s family announced that she died in Nashville on Tuesday following a brief sickness with cancer. Although she remained busy until her final days, the “I Will Always Love You” artist had dealt with health issues over the past year.