Newsom Signs Bill to Create New Tax Credit for Post-Production
AB 2319 offers a 35% to 50% credit for qualifying costs and adds $10 million for projects that do post-production work in California.
- On Friday, Governor Gavin Newsom signed Assembly Bill 2319 and Senate Bill 186 into law at the Television Academy in North Hollywood, establishing California's first standalone postproduction tax incentive.
- California has lost 1,874 postproduction jobs over the last 20 years as competing states and countries offer aggressive tax incentives, prompting lawmakers to create a 35% to 50% credit for in-state finishing work.
- Assemblyman Nick Schultz, who authored AB 2319, secured an initial $10 million allocation for the postproduction credit; AB 186 exempts independent films from corporate tax credit caps to accelerate payback periods.
- Industry leaders including California Post Alliance president Marielle Abaunza and Editors Guild executive director Scott George called the signing a "historic day," while Los Angeles Mayor Karen Bass praised the measures for protecting local jobs.
- Newsom described the initial investment as a "down payment," suggesting advocates may seek increased funding in future years as the new laws take effect January 1, 2027, complementing the state's $750 million film and television tax credit program.
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The Derrick
Lodinews.comNewsom signs California’s first standalone post-production tax credit
In another push to revitalize California’s film and TV industry, Gov. Gavin Newsom on Saturday signed the state’s first standalone post-production tax incentive. The new incentive is aimed at bringing back jobs for the industry’s editors, sound mixers, composers and…
On a strategic visit to Warner Bros., California Governor Gavin Newsom enacted SB 186 and AB 2319 to stop the migration of filming to other states and protect the entertainment industry.The reform solves the obstacles to the $750 million annual program in tax credits, reduces the deadline for cash reimbursements from 5 to 2 years, and creates for the first time an incentive of up to 50% exclusive to the post-production sector.
California waves some shiny new tax credits at a skittish Hollywood
Even if you ignore the thing where one of the biggest movie studios in the world is threatening to decamp the state right now if it’s not allowed to messily devour one of its rivals, California has still been in a rough position lately when it comes to keeping Hollywood productions around. Whether other states, or other countries, a lot of governments around the planet have been throwing some very friendly tax incentives at movie and TV producer…
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