Hollywood Unions Wonder Whether Next California Governor Will Share Newsom’s Commitment To Expanding Film Tax Credits
Headline from Deadline
The leaders of the major Hollywood unions are glad to hear outgoing California Governor Gavin Newsom’s proposal Monday to expand the state’s Film & TV Tax Credit program yet again, but they won’t be declaring victory until his successor makes it a cornerstone of their tenure, too.
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California Gov. Gavin Newsom, on the eve of the 2026 midterm elections, is calling for another major expansion of the state’s Film and TV Tax Credit Program. Newsom is proposing an increase to California’s entertainment production incentive program from $750 million in annual tax credits to at least…
Governor Gavin Newsom proposed expanding California’s film and television tax credit program from $750 million to at least $1 billion to lure more production back to Hollywood’s home state.
Before exiting stage right, lame-duck California Gov. Gavin Newsom wants to shower Hollywood with at least $1 billion in annual tax credits — including new breaks for productions covering movie stars’ salaries.
Gov. Gavin Newsom is proposing another major expansion of the state's film and television tax credit program, seeking to increase annual funding from $750 million to at least $1 billion and extend the incentive through 2040.
The leaders of the major Hollywood unions are glad to hear outgoing California Governor Gavin Newsom’s proposal Monday to expand the state’s Film & TV Tax Credit program yet again, but they won’t be declaring victory until his successor makes it a cornerstone of their tenure, too.
