Defying expectations, the tax credit production bill was approved in revised form by the Senate’s Appropriation Committee Friday, but time constraints killed the measure until next year.

Grafted into other legislation so it’s now cost-neutral to the state, Assembly Bill 756 (now including what was before entitled AB 358) was taken to the Senate voting floor just as lawmakers were calling it quits for their current session. The body won’t meet again until early January.

But the bill (now just needing Senate majority approval instead of the trickier two-thirds) is very much alive. The credits would only benefit below-the-line workers. Jack De Govia, chair of the industry’s recently created Film and Television Action Committee, applauded the last-second dealmaking by Assemblyman Scott Wildman (D-Glendale/Burbank).

In response to the measure’s failure to pass this year, FTAC members will be lining up over 50,000 signatures to present to the governor in January.

In addition, the Screen Actors Guild and Directors Guild of America “will continue to work closely with both federal and state legislatures” on solutions to runaway production, said DGA prexy Jack Shea and SAG prexy Richard Masur in a joint statement.

One bill addressing runaway production did pass during the current session: the coastal permit measure designed to ease restrictions on shooting around California’s coast. The bill was penned by Assemblywoman Sheila Kuehl (D-Santa Monica/West L.A. County), and was expected to gain approval.