California Gov. Gavin Newsom’s promise to sign a bill that would extend the state’s $330 million-a-year film and television production tax credit program until 2030 is receiving high praise from the Entertainment Union Coalition, whose members include SAG-AFTRA, the DGA, the California IATSE Council, Teamsters Local 399 and Laborers International Union of North America Local 724.The bill – SB 485, authored by state Sen.
Anthony Portantino – would extend the annual $330 million in tax incentives to qualified film and TV productions, which is set to expire in 2025.“Today Governor Newsom gave the 163,000 women and men we represent who work in the California film and television industry a lifeline,” the EUC said in a statement. “With the announcement that he will sign SB 485 into law, extending the California Film & Television Tax Credit Program to 2030, Governor Newsom has assured a future where our members can continue to work at jobs they love, in the state they call home, and be present as members of their families and communities.“We thank Governor Newsom for his longstanding support of working families, culminating in his announcement today.
We thank the bill’s author, Senator Portantino for his steadfast commitment to keeping this industry and those who work in it in California.
We look forward to working with Go Biz Director Dee Dee Myers and the Administration to protect the jobs we have now and bring more of these good jobs home.”In announcing that he will sign the bill, the post-Roe v.
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