COLUMBIA, S.C. - The House and Senate have agreed to a compromise bill that could lure a major motion picture and television series to the Lowcountry.

The bill approved Wednesday would give film companies up to $10 million in tax breaks if they shoot a production in South Carolina.

Lawmakers rushed to get the legislation approved in the hopes of luring a $45 million movie and a $48 million Warner Brothers television series. Producers for both are reportedly looking at the Charleston area.

The bill gives a 15 percent break on wage taxes and a 15 percent rebate on other expenses.

Gov. Mark Sanford worked with production officials to help lawmakers craft incentives that would revitalize the state's film industry, gubernatorial spokesman Will Folks said.

The governor will sign the bill soon, Folks said.