The Legislature voted Friday to increase the cap on the program from $330 million a year to $750 million. The Assembly approved a budget trailer bill on a vote of 64-1, while the Senate passed it 31-3. The leadership of both houses agreed to the increase as part of a $321 billion budget deal that was finalized on Tuesday.

State lawmakers have voted to raise the cap on film and TV production incentives to $750 million, up from $330 million under the current version of the program.