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California Legislature Approves $750 Million Film Tax Credit
- California legislators voted on June 15, 2025, to more than double the annual film and television tax credit to $750 million.
- This increase responds to a years-long production exodus to other states and countries offering generous tax incentives and rebates.
- The bill passed both chambers amid warnings that without such measures, Hollywood risks further job losses and a hollowed-out industry.
- The Legislative Analyst's Office report indicated no strong evidence that film tax credits boost California's overall economy, despite broad political support.
- Although the tax credit may temporarily retain production, critics argue it won't solve deeper economic or housing issues facing California.
32 Articles
32 Articles
More and more Hollywood productions are moving abroad for cost reasons. To stop this trend, California has more than doubled the tax incentives for filming.
California Doubles Down on Film Incentives to Halt Hollywood’s Decline
California’s government has decided to spend much more money to help the film and television industry. Lawmakers voted to raise the state’s yearly tax credit for movie and TV productions from $330 million to $750 million. This big increase is meant to keep jobs and productions in California, especially in Hollywood, which has lost many […]
The California Parliament approved on Friday the doubling of the tax credits granted to film and television production in order to halt the decline of Hollywood. ...
Los Angeles (USA), 27 Jun (EFE).- The California legislature approved on Friday an increase in annual tax credit for film and television productions, which will go from 330 million to 750 million dollars. The bill, driven by months of pressure from producers, directors and unions, represents key support for an industry hit in recent years by the pandemic, the strikes of screenwriters and actors in 2023, budget cuts in studies and forest fires in…
Lawmakers Approve Big Increase in California’s Film Tax Credit to $750 Million Yearly - The Thinking Conservative
Lawmakers approve big increase in California’s film tax credit to $750 million yearly through June 2030 to keep more film production in California. The post Lawmakers Approve Big Increase in California’s Film Tax Credit to $750 Million Yearly appeared first on The Thinking Conservative.
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