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Newsom Proposes Expanding California Film and TV Tax Credit to $1 Billion
Original: Gavin Newsom Proposes Expanding California’s Movie and TV Tax Credit to at Least $1 Billion
California Governor Gavin Newsom has proposed expanding the state's film and television tax credit program to at least $1 billion. The proposal, reported by Variety, is aimed at keeping production jobs and studio business in California as other states and countries compete to attract filming with larger incentives.
Why now: Hollywood production has been leaving California, making efforts to retain film and TV jobs a timely political issue.
Gavin NewsomCaliforniaHollywood
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Evidence
- Gavin Newsom Proposes Expanding California’s Movie and TV Tax Credit to at Least $1 Billion · Variety
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