Newsom seeks $1B-plus California film and TV tax credit
Variety’s Todd Spangler reports that Gavin Newsom is proposing to expand California’s film and TV tax credit from $750 million to at least $1 billion, adding above-the-line coverage and extending the program through 2040.
Why it matters. Studios and productions weighing where to shoot gain a stronger financial case for staying in California even as the state’s output keeps shrinking.
Signal from variety.com · Todd Spangler · read the original.
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