Governor Gavin Newsom has signed new legislation aimed at bolstering California’s film and television industry. This move comes just a day after the state announced it would more than double its Film and Television Tax Credit Program. The legislation, known as AB 1138, was authored by Assemblymember Zbur from Los Angeles and Senator Allen from Santa Monica.
The bill focuses on income and corporate taxes related to motion pictures, offering tax credits to further incentivize production within the state. For those interested in the full text of the bill, it is available online at the California Legislature’s official website.
This legislative effort underscores California’s ongoing commitment to maintaining its status as a leading hub for film and television production.
