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Newsom Proposes Expanding California’s Film Credit to $1 Billion
Source: Bloomberg
Media & EntertainmentFiscal Policy & BudgetTax & Tariffs
Governor Gavin Newsom proposed increasing California’s film and television tax credit program from $750 million to at least $1 billion to attract more production to the state. The proposal is potentially positive for Hollywood production activity, but it has not been reported as enacted.
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