Newsom wants California's film and TV tax credit raised to at least $1 billion a year
By Fuzzy Mushroom · Published
On the eve of the US midterms, California Governor Gavin Newsom has proposed lifting the state's film and TV tax credit from $750 million a year to at least $1 billion, with credits for actors' pay, $100 million set aside for independent films, a bonus for studios that commit to more than one California production and an extension to 2040. California only raised the credit from $330 million to $750 million last year, yet production in the state has kept falling. Newsom leaves office on 4 January 2027, so his successor will have to carry it through.
Will more money actually keep Hollywood filming in Hollywood, or has the work already gone elsewhere?
How solid is this story?
Spore Score for the story: 87 (Rock solid). Status: Confirmed. Official: Statement from Governor Gavin Newsom's office.
Sources
- Variety: Gavin Newsom Proposes Expanding California's Movie and TV Tax Credit to at Least $1 Billion (2 November 2026)
- TheWrap: Gavin Newsom Proposes Expanding California's Film and TV Tax Credit Program to at Least $1 Billion (2 November 2026)
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