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Los Angeles Times
Source: Los Angeles Times
24 HrsLos Angeles Times
Source: Los Angeles Times
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Gov. Gavin Newsom proposed raising California’s annual film and television tax-credit program from $750 million to at least $1 billion, extending it through 2040 and including above-the-line talent costs. The plan would offer a 5% credit boost to companies that commit to filming two productions in California and increase funding for independent productions to $100 million. Newsom said the expansion aims to keep productions in the state as local filming declines and other locations offer more competitive incentives.
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