California Gov. Newsom Proposes Major Boost in Film Tax Credit

California Gov. Newsom Proposes Major Boost in Film Tax Credit
California Gov. Gavin Newsom speaks during a press conference at Raleigh Studios unveiling a vast expansion of California’s Film and Television Credit Program in Los Angeles on Oct. 27, 2024. Mario Tama/Getty Images
City News Service
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LOS ANGELES—Gov. Gavin Newsom was on location in the Hollywood neighborhood Oct. 27, where he unveiled a proposal to more than double the tax credit the state offers to producers of films and TV shows that shoot in California.

Appearing with industry union leaders, Los Angeles Mayor Karen Bass, and state Sen. Anthony Portantino (D-Glendale), Newsom announced a plan to boost the annual tax credit from its current $330 million to $750 million, which would represent the largest amount offered by any state except Georgia, which has no cap on its credits.

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