Quartz·1 min read·medium
California is proposing to expand its film and TV tax credit to at least $1 billion
✦AI Summary
California Governor Gavin Newsom has proposed increasing the state's annual film and TV tax credit to at least $1 billion. The plan aims to extend the program through 2040 to maintain the state's competitiveness in the entertainment industry.
Why it matters
This policy shift reflects California's ongoing efforts to retain production jobs and economic activity within the state's entertainment sector.
Gov. Gavin Newsom's plan would raise the annual credit…
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