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Movies of Monday, 28 October 2024
Source: Nytimes
California Governor Proposes $750 Million in Annual Film Tax Credits
The state aims to compete with aggressive tax incentives offered elsewhere.
Governor Gavin Newsom proposed raising California’s film and TV production incentives to $750 million annually, up from $330 million, to reclaim lost production.
Between 2020 and 2024, California lost about $1.6 billion in production spending.
The state aims to compete with aggressive tax incentives offered elsewhere.
