California launches first standalone post-production tax credit to revive film jobs
TL;DR Summary
Gov. Gavin Newsom signed California's first standalone post-production tax incentive, offering a 35–50% credit on qualified in-state post-production expenses without requiring shoots in California, starting in January with a $10 million annual cap under AB 2319. The program aims to reclaim jobs for editors, sound mixers, composers and VFX artists as California competes with other jurisdictions; backers want more funding next year while the state expands its overall film tax credits.
- Newsom signs California’s first standalone post-production tax credit Los Angeles Times
- Governor Newsom expands film and TV tax credits with new legislation, creates tax credit to support post-production jobs California State Portal | CA.gov
- Gavin Newsom Signs Bill Creating $10 Million Post-Production Tax Credit Variety
- Editors Guild Praises California’s New Post-Production Tax Credit Law As “Historic” Deadline
- CA Gov. Gavin Newsom Signs Bill Addressing Catch in $750M Tax Credit for Hollywood The Hollywood Reporter
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