Newsom Seeks at Least $1 Billion for California Film Tax CreditsNewsom’s Film Credit Plan Aims to Keep California Jobs at HomeNewsom Wants Taxpayers to Put at Least $1 Billion Behind Hollywood
On November 2, California Gov. Gavin Newsom proposed raising annual film and television tax credits from $750 million to at least $1 billion, with expanded eligibility and incentives for productions in the state.On November 2, Gov. Gavin Newsom proposed at least $1 billion a year in California film and television tax credits, aiming to draw productions and jobs back to the state.On November 2, Gov. Gavin Newsom proposed expanding California’s annual film and TV tax credits to at least $1 billion, including new credits for actors’ pay and incentives for repeat productions.