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Newsom To The Rescue: Governor Supersizes California’s Film & TV Tax Credits To Get Hollywood Back To Work
California's $330 million film & TV tax credits are more than doubling, Governor to announce in bid to get Hollywood working
And the industry the crews, and content delivery methods have changed dramatically over the past 10 years, so what the state offers doesn’t meet basic needs, and barely competes with Atlanta or Canada.” In fact, leaving everything as is besides the money, the expectation from Sacramento and its studio, streamer, guild and civic allies is that the revitalized program will be perceived as more accessible than ever by potential applicants desiring tax credits and the ability to plan ahead with projects. Politicians had to cut a lot of pork and progressive programs this year to bring down the state’s estimated $46.8 billion deficit, but the film and TV tax credits weren’t touched.
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