California Post-Production Tax Credit Advances to Newsom After Senate Passage

The California Senate approved SB 2319 to create a separate post-production tax incentive (covering VFX, scoring, mixing and more) and sent it to Governor Newsom, but there is currently no funding in the state budget to support the program. The first-year incentive is projected around $35 million, far below the previously discussed $100 million, and Newsom would need to find funding if he signs the bill. Related efforts include exemptions for studios under AB136 amid ongoing budget constraints and industry advocacy from groups like the Motion Picture Editors Guild.