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Newsom proposes expanding California film tax credit to $1 billion
Original: Gov. Gavin Newsom proposes expanding California film tax credit to $1 billion
California Governor Gavin Newsom has proposed expanding the state's film and television tax credit program to $1 billion, a major increase aimed at keeping film production in California. The proposal comes as the industry has been shrinking in Los Angeles, with productions increasingly moving to other states and countries offering larger incentives. Industry leaders and unions have been pressing state officials for stronger support to protect entertainment jobs.
Why now: California's entertainment industry has been losing productions to rival locations, and the plan responds to growing pressure to keep film jobs in the state
Gavin NewsomCaliforniaHollywoodCalifornia film tax credit program
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