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California Boosts Film and TV Tax Credit to $750 Million to Preserve Jobs

  • On July 2, 2025, Governor Gavin Newsom announced at a Burbank event the approval of legislation that nearly doubles the state’s funding for incentives aimed at supporting film and TV productions, increasing the total to $750 million.
  • The expansion was introduced to address the decline in local productions, which resulted from increasing expenses, more attractive incentives offered elsewhere, and the impact of the labor strikes by writers and performers in 2023.
  • The state’s Film Commission projects the credit will increase film jobs supported by about 50%, with applications opening July 7-9 for television and August 25-27 for films.
  • Governor Newsom emphasized that this initiative reflects California's identity and aspirational spirit, while Assemblymember Rick Chavez Zbur described the funding as essential for restoring jobs and supporting local businesses.
  • Industry leaders praised the move as a critical step to restore production, yet urged further action to keep California competitive amid global film incentives.
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Daily BreezeDaily Breeze
+3 Reposted by 3 other sources
Center

California boosts film and TV tax credit to $750 million to preserve jobs

Gov. Gavin Newsom signed legislation expanding California’s film and TV tax credit to $750 million to keep production local.

Spectrum Local NewsSpectrum Local News
+3 Reposted by 3 other sources
Center

California expands film and TV tax incentive to keep production in state

TV and film production has been leaving the state for other locales with lower costs and more tax breaks.

·United States
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Uniradio Informa broke the news in on Wednesday, July 2, 2025.
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