Calif. Gov. Newsom Proposes Historic Expansion of Film & TV Tax Credit Program
October 29, 2024
October 29, 2024
SACRAMENTO, California, Oct. 29 -- Gov. Gavin Newsom, D-California, issued the following news release on Oct. 28, 2024:
Governor Gavin Newsom today announced a proposal to expand California's Film & Television Tax Credit Program to $750 million annually, a massive increase from the current $330 million annual allocation. This ambitious expansion would position California as the top state for capped film incentive programs, surpassing other states like New York.
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Governor Gavin Newsom today announced a proposal to expand California's Film & Television Tax Credit Program to $750 million annually, a massive increase from the current $330 million annual allocation. This ambitious expansion would position California as the top state for capped film incentive programs, surpassing other states like New York.
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