Newsom proposes raising California film tax credit to $1 billion

The Hollywood Reporter’s Erik Hayden reports that Governor Gavin Newsom is proposing to raise California’s annual film and TV tax credit from $750 million to $1 billion.

Why it matters. Productions weighing where to shoot gain more leverage to extract incentives, since California is already competing against New York, Georgia and international hubs for the same projects.

Signal from hollywoodreporter.com · Erik Hayden · read the original.

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