Gov. Gavin Newsom's proposal to boost California's film and TV tax credit from $330 million to $750 million aims to keep production in-state and create jobs.
"Expanding this program will help keep production here at home, generate thousands of good-paying jobs, and strengthen the vital link between our communities and the state's iconic film and TV industry."
About 71% of projects rejected by California's tax credit program have relocated to other states, highlighting the heightened competition and need for increased incentives.
California’s film and TV tax credit, established in 2009 to prevent production loss, has seen gradual increases, yet now faces significant competition from other states.
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