Hollywood Guilds Praise Newsom, Lawmakers for Expansion of California Film Tax Credits
“SB 144 enhances and improves the California Film and Television Tax Credit Program which since its inception has resulted in the creation of 156,000 below-the-line cast and crew jobs and has generated $18.4 billion in direct revenue for our State,” the Entertainment Union Coalition said in a statement. “SB 144 ensures that our members can remain working in California and that more productions will be able to shoot here for decades to come.”The expansion increases the funds on offer for productions shooting in California to $660 million over the next two years.