Governor Newsom proposes historic expansion of film & TV tax …

Oct 27, 2024 · Hollywood, California – Governor Gavin Newsom today announced a proposal to expand California’s Film & Television Tax Credit Program to $750 million annually, a massive increase from the current $330 million annual allocation.This ambitious expansion would …

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Governor Newsom Proposes Historic Expansion Of Film & TV Tax …

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Governor Newsom Announces Proposal To Expand California Film …

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HOLLYWOOD, Calif. (Oct. 27, 2024) – Governor Gavin Newsom today proposed expanding California’s Film & Television Tax Credit Program from the current $330 million annual …

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California Film Tax Credit Plan: Gavin Newsom's Proposal Is First Step

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Oct 29, 2024 · The governor seeks to double film and television incentives to $750 million a year in a first step to stop the flight of studio projects. Gov. Gavin Newsom at Raleigh Studios …

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Hollywood Lauds And Challenges Newsom's Film Tax Credit Plan

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Oct 28, 2024 · Gov. Gavin Newsom has unveiled plans to increase the cap on California’s film and TV tax credit program to $750 million as Hollywood struggles to compete with rivals. Oct. …

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Newsom Wants To Increase Hollywood Tax Credits To $750 Million

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Oct 27, 2024 · Gov. Gavin Newsom on Sunday announced plans to expand the state's tax credit for the film and television industry to $750 million. Why it matters: Film and television …

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California Proposes Increasing Annual Film Tax Credit To $750 Mln

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Oct 28, 2024 · Governor Gavin Newsom has proposed increasing the money available for film and television production incentives in California to $750 million annually from $330 million, his …

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California Governor Proposes $750 Million In Annual Film Tax Credits

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October 28, 2024. As seen in the New York Times. Responding to pleas from California’s film industry, which has struggled to rebound from labor unrest and industry disruption, Gov. Gavin …

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Gavin Newsom Tries To Save Hollywood - Newsweek

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Oct 28, 2024 · The California governor has increased tax credits by more than $220 million to attract film and TV production back to the state. ... Newsom announced an expansion of the …

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California Governor Gavin Newsom Proposes An Historic …

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October 28, 2024 - Hollywood, California – Governor Gavin Newsom on Sunday announced a proposal to expand California’s Film & Television Tax Credit Program to $750 million annually, …

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FAQs about Governor Newsom proposes historic expansion of film & TV tax … Coupon?

Will Newsom double California's entertainment tax cap?

On Sunday, Oct. 27, Gov. Gavin Newsom unveiled plans to more than double California’s current cap for a program that provides tax relief to the entertainment industry. ...

Why did Newsom expand the tax credit?

Newsom's office said the tax credit expansion was to lure some lost filmmaking production back into Hollywood's home state, which has recently been affected by limited tax credit funding and increased competition. ...

Does Newsom propose a big boost in film tax breaks?

Newsom proposes big boost in film tax breaks to keep production in CA Newsom's proposal comes as Los Angeles continues to lose TV and film production... ...

Will Newsom's proposal be a boon for Los Angeles-area entertainment workers?

For L.A., Newsom’s proposal would almost surely be a boon for industry workers and the ancillary businesses that at least in part rely on production. Amid the dramatic decline in local production, advocates for Los Angeles-area entertainment workers are preparing to lobby legislators to support the change. For the rest of the state, not so much. ...

Does Newsom's 'Sunday proposal' remove any restrictions in Georgia's incentive program?

Although Newsom’s Sunday proposal would represent a substantial increase in funding, it doesn’t remove other restrictions in the state’s incentive program, including a provision that excludes the salaries of actors and other above-the-line costs that are a big portion of film and TV budgets. Georgia and other rivals do not have such restrictions. ...