California Legislature Approves $330 Million Boost to Film Tax Credit

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“SB 144 enhances and improves the California Film and Television Tax Credit Program which since its inception has resulted in the creation of 156,000 below-the-line cast and crew jobs and has generated $18.4 billion in direct revenue for our State,” the Entertainment Union Coalition said in a statement.

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Gene Maddaus Senior Media WriterA bill that for the first time establishes a goal to make Hollywood’s workforce more reflective of California’s diversity passed the state Assembly on Thursday and is expected to be signed by the governor.The bill also includes a dramatic expansion of the state’s film and TV tax credit, including a new program to encourage the construction of new soundstages.

A significant expansion of California’s film and TV production tax credit is scheduled to come to a floor vote on Thursday before the state Assembly and Senate.

Gene Maddaus Senior Media WriterThe California Department of Public Health said on Monday that K-12 students who refuse to wear masks must be kept off campus, but then quickly reversed itself in the face of a backlash.The revised guidelines leave it up to local districts to decide how to enforce the state’s universal mask mandate.

The California state legislature reviewed a new bill Sunday that would increase the state’s film and television tax credits program by $330 million, with $150 million of that being allocated to the construction of new soundstages in the state, according to multiple media reports.If the bill is signed into law by Gov. Gavin Newsom, it would double the current $330 million that California gives Hollywood in film and TV tax credits each year.

The Golden State is about to hand out lots more gold to Hollywood, if a newly proposed legislative effort secures Gov. Gavin Newsom’s signature.

Gene Maddaus Senior Media WriterThat escalated quickly.In May, Gov. Gavin Newsom announced an extra $30 million for the state’s film and TV tax credit program.