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Newsom Proposes $1 Billion California Film and TV Tax Credit
Original: Governor Newsom proposes historic $1 billion California film and television tax credit – building on the nation’s most generous capped credit
California Governor Gavin Newsom has proposed a $1 billion film and television tax credit, described as the largest of its kind in the United States. The plan builds on the state's existing capped credit program and is aimed at keeping film and TV production in California amid competition from other states and countries offering incentives.
Why now: The scale of the proposed credit and its potential impact on Hollywood production jobs make it a major economic story
Gavin NewsomCaliforniaHollywood
Evidence
- Governor Newsom proposes historic $1 billion California film and television tax credit – building on the nation’s most generous capped credit · California State Portal | CA.gov
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