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Newsom proposes expanding film and TV tax credit to $1 billion
Original: Gov. Newsom proposes expanding film, TV tax credit to $1B
California Governor Gavin Newsom has proposed expanding the state's film and television tax credit program to $1 billion, a significant increase aimed at keeping productions in California. The move is intended to stem the loss of filming work to other states and countries, amid ongoing concerns in Hollywood about production declines and job losses in the entertainment industry.
Why now: People are discussing the proposal because of widespread concern over film and TV production leaving California and the jobs it could bring back
Gavin NewsomCaliforniaHollywoodCalifornia film and TV tax credit program
Evidence
- Gov. Newsom proposes expanding film, TV tax credit to $1B · Spectrum News
- Gov. Newsom proposes expanding film, TV tax credit to $1B · Spectrum News
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