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California Lawmakers Offer $180 Million Boost to Hollywood

Gavin Newsom Gene Maddaus-Senior New York California Hollywood film show

09.06.2021 - 02:17

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Gene Maddaus Senior Media WriterThe state of California is so flush with cash that Gavin Newsom is literally giving money away.So perhaps it’s no surprise that Hollywood is in line for a major windfall.Last month, Newsom proposed to increase the $330 million film and TV tax credit by $30 million for the coming year.

But the Legislature wants to go much bigger — offering an extra $180 million spread over two years.That means that for the next two years, California would be even with New York, which provides $420 million a year in tax incentives to the entertainment industry.

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