California lawmakers have approved legislation that extends boosting film and television production in the state and added a requirement that qualifying production companies have new gun safety and diversity programs.
Assembly Bill (AB) 132, authored by Sen. Anthony Portantino (D-Burbank) passed the Legislature June 27 and is now on Gov. Gavin Newsom’s desk awaiting signature.
If signed into law, it would give studios and production companies another five years to get tax credits from the state’s yearly $330 million allocation in an effort to retain and grow entertainment production in the Golden State.
Mr. Portantino, who first introduced the bill in 2020 but held off pursuing its passage until this year, said he was grateful for the bill’s approval in a statement June 30….