Overview

• The approved budget more than doubles the program’s cap from $330 million to $750 million per year, securing funding through the next fiscal cycle.
• The expansion is projected to support 4,400 to 5,500 additional film and television jobs as the industry faces competition from other states.
• Companion bill AB1138 will boost the base credit to 35% for Los Angeles shoots, offer up to 40% credits for out-of-zone projects and broaden eligibility to animation, sitcoms and competition series.
• The proposal adds a 2% bonus for hiring trainees from underserved communities and mandates diversity reporting by ZIP code and veteran status.
• A formal vote on a trailer bill to enact the funding is scheduled for Friday as lawmakers finalize the state budget before the July 1 fiscal year start.