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Newsom To The Rescue: Governor Supersizes California's Film & TV Tax Credits To Get Hollywood Back To Work

EXCLUSIVE: A decade after the last major overhaul of California’s film and TV tax credits program, Gov. Gavin Newsom today will unveil a massive increase in the incentives to jump start work and production in the home of Hollywood.

In an announcement this afternoon at Raleigh Studios, the Governor will reveal that he aims to boost the state’s tax credits from their present level of $330 million a year to around $750 million annually, I’ve learned

The whooping increase will not take place immediately, and is subject to approval by the Democratic majority legislature in the Golden State’s 2025-2026 budget. However, in this election year of close down ticket races, Sunday’s announcement is intended to swell confidence locally for an industry and a workforce that has seen production in L.A. and across the state dramatically shrink and jobs dry up over the last year or so, sources say.

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by Anonymousreply 6November 2, 2024 12:00 AM

Mr. Handsome Gavin Newsom.

He and his fake spouse want to be celebrities more than politicians, so this is on brand.

by Anonymousreply 1November 1, 2024 9:59 PM

Shouldn't they be paying their fair share?

by Anonymousreply 2November 1, 2024 10:07 PM

Newsom turns everything to shit. He’s a drunk fucking one Republican whore after the next.

by Anonymousreply 3November 1, 2024 10:12 PM

Too little, too late, douchebag..

by Anonymousreply 4November 1, 2024 10:21 PM

He is in a fake, transactional marriage to a lady he hates.

Gavin is fucking his staff.

by Anonymousreply 5November 1, 2024 11:24 PM

Why is CA subsidizing the film industry? When the movie industry was making record profits back in 2018/2019, did they share their profits with the state of CA?

The movie industry is where they are today partially because they keep making the same crap over and over and over and over ad infinitum. How many times do you have to retell the story of Batman and the god damned Joker? Quit making comic book movies intended for children 11-15 and tell some interest stories and you won't be broke ass bitches whining about money.

by Anonymousreply 6November 2, 2024 12:00 AM
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