Newsom Signs California’s Standalone Postproduction Tax Credit to Bring Hollywood Jobs Home

1 min read
Source: The Hollywood Reporter
Newsom Signs California’s Standalone Postproduction Tax Credit to Bring Hollywood Jobs Home
Photo: The Hollywood Reporter
TL;DR Summary

California Gov. Newsom signed AB 2319, creating the state’s first standalone postproduction tax incentive that rewards postproduction work in California—even for projects shot elsewhere—funded with $10 million and aimed at attracting Hollywood jobs back and boosting CA’s competitiveness with New York and Georgia; supporters say it marks a historic step for the industry, with expectations for future funding as the sector recovers.

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