Elias: The rationale for Newsom's plan to hike film tax credits
Briefly

California's high taxes are driving businesses away, with over half of TV and film productions moving to states like Texas, where they find substantial tax perks.
Film LA reports a 19.7% drop in English-language scripted content shot in LA in 2023, demonstrating the urgency of Nevada and Georgia in attracting film industry away from California.
To counter this trend, Gov. Gavin Newsom proposes $750 million in tax incentives, hoping to regain business that has turned to other states for better financial opportunities.
Read at www.mercurynews.com
[
|
]