Producer Scott Budnick Details How Hollywood Got California Lawmakers To Agree On Film & TV Tax Credit Program Expansion

California legislature acts to keep film and TV production at home

Legislation will more than double current tax incentives under larger bill slated to be signed by Gavin NewsomHollywood’s home state of California will more than double annual tax incentives for film and television production to $750m under a measure passed by the Democratic-led legislature on Friday.The increase from the current $330m was approved as part of a broader tax bill that is expected to be signed into law by California’s governor, Gav…

California Approves Expansion of Film Tax Credit Program to $750 Million

The California legislature has approved as part of a budget package an increase to the state’s allotment of funds for filming tax credits, moving up more than double from $330 million to $750 million annually, which is right at the originally proposed figure from California Governor Gavin Newsom. The two bills, SB630 and AB1138, both passed the state senate and assembly early in June, but the line item noting $750 million specifically, which New…

Done Deal: California Greenlights $750 Million Infusion to Film and TV Tax Credit Program

A bill realizing Gov. Gavin Newsom’s ambitions to enlarge California’s incentives program from $330M a year easily passed the state legislature.

California Legislature Approves $750 Million Film Tax Credit by Wide Margin

California legislators have voted to approve a major expansion of the state’s tax credit for film and TV production, which has been a key priority for Gov. Gavin Newsom. The Legislature voted Friday to increase the cap on the program from $330 million a year to $750 million. The Assembly approved a budget trailer bill […]

Producer Scott Budnick Details How Hollywood Got California Lawmakers To Agree On Film & TV Tax Credit Program Expansion

The California production community will be keeping a close eye on the state Capitol on Friday as lawmakers are set to seal the deal on the expansion to the Film & TV Tax Credit Program, offering some crucial amendments to the current initiative and boosting its funding to $750 million annually. The Legislature is expected to vote ahead of the weekend on a trailer bill to make the legal changes needed to implement the budget they agreed upon e…