Governor Newsom proposes historic $1 billion California film and television tax credit – building on the nation’s most generous capped credit

What you need to know: After its successful and historic expansion last year, Governor Gavin Newsom is calling for another major expansion of California's successful Film and TV Tax Credit Program to maintain the Golden State's status as the center of the global entertainment industry. The proposal would attract more productions, support stable, long-term work across the industry, and strengthen the creative economy that brings California stories to audiences worldwide.