Newsom Signs $10 Million Post-Production Credit as California Expands $750 Million Film Tax Program
Updated
Updated · Deadline · Sep 19
Newsom Signs $10 Million Post-Production Credit as California Expands $750 Million Film Tax Program
3 articles · Updated · Deadline · Sep 19
Summary
$10 million in initial funding will launch California’s new post-production tax credit, which lets productions shot outside the state bring editing, sound, music, VFX and finishing work back to California.
Newsom also signed AB 186, expanding the broader film and TV tax credit program by exempting some productions from credit caps and speeding refunds, part of the state’s push to stem runaway production.
The post-production measure won broad bipartisan support and backing from Los Angeles Mayor Karen Bass, the Motion Picture Editors Guild and the California Post Alliance, which said rival states and countries have been luring away jobs.
The new incentive complements California’s $750 million Film and Television Tax Credit Program 4.0 passed last year, as industry groups and CAA argue the state still needs stronger incentives to stay globally competitive.