California Lawmakers Seek Big Boost To Film & TV Tax Credits
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deadline.comCalifornia lawmakers are seeking a big boost to the state’s film and TV tax credit program, a $180 million hike that would bring the Golden State more in parity with New York.The state Senate Budget Committee adopted a proposal last week that would provide $90 million per year for 2021-22 and 2022-23.
That is a far figure than Gov. Gavin Newsom’s proposal to increase the tax incentives by $30 million in the next fiscal year.If the $90 million expansion ends up in the budget, it will be added to the $330 million annual outlay in the current program, which is administered by the California Film Commission.
The would set the program at $420 million. That is the same level that the state of New York sets for its program, which has been highly
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