Overview

• Lawmakers face a July 1 deadline to finalize the budget, with the proposed boost to the Film & TV Tax Credit Program hanging in the balance.
• Gov. Gavin Newsom has urged increasing the annual allocation from $330 million to $750 million to support the state’s entertainment industry.
• Directors Patty Jenkins, Cord Jefferson and Jonathan Nolan met with legislators in Sacramento this month to advocate for the expanded incentives.
• In June, the California Film Commission awarded $96 million in credits to 48 projects expected to generate $664 million in spending and employ more than 6,500 cast and crew members and 32,000 background performers.
• Competition from New York’s $800 million and Texas’s $150 million incentive programs has heightened pressure on California to secure its production market.