Summary

Governor Gavin Newsom is proposing expanding California ’s current film and television tax credit program from $750 million to at least $1 billion annually as the state is struggling to attract entertainment industry jobs. The move comes as a report last month by FilmLA found that production levels fell 3.7 percent in the third quarter even as California has continued to enhance its tax credits. Many of the major studios and streamers are headquartered in Los Angeles, which makes the contraction in production jobs more painful. Last year, Gov.

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