California offers post-production tax credit to keep Hollywood jobs at home
TL;DR Summary
Gov. Gavin Newsom signs AB 2319, creating a 35–50% post-production tax credit that can apply even if filming occurs elsewhere, aiming to keep California’s entertainment jobs from leaving. The program starts small with $10 million in funding, complements a broader film/TV incentive expansion to $750 million annually through 2030, and coincides with SB 186 changes to the incentives. The move comes amid national talks of federal incentives and ongoing Paramount–Warner Bros. merger tensions, with officials arguing the credits will spur billions in economic activity and protect tens of thousands of jobs.
- Gavin Newsom signs bill to create new film and TV tax credit in California New York Post
- 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
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