California Governor Proposes $750 Million in Annual Film Tax Credits

Meghan Dubitsky

Gov. Gavin Newsom wants to more than double the amount the state offers in incentives, which would make its program one of the nation’s most generous.

If the proposal is approved by the State Legislature, California would offer more money to entice film productions than any state except Georgia, which provides unlimited tax credits. California’s existing program is capped at $330 million annually. The increase would go into effect on July 1, 2025.

https://www.nytimes.com/2024/10/27/movies/california-governor-newsom-film-tax-credits.html