Gov. Gavin Newsom proposed to extend the tax credit to the film/TV industry in California to draw production from anti-abortion states. The bill would provide $1.65B.
The governor of California supports legislation that will extend the state’s film and television tax program through 2030. Newsom made the announcement on Wednesday in an act to draw filmmakers away fromIf the bill passes, it will provide $1.65 billion, or $330 million annually, in tax credits to the film and TV industry, as well as other media productions. The initial bill was set to expire in 2025 before Newsom’s proposed extension.
"As other states roll back people’s rights, California will continue to protect fundamental freedoms for all and welcome businesses that stand up for their employees," he said in a statement.
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