Gov. Gavin Newsom declared his support Aug. 3 for expanding California’s film and television tax credit program as a way to lure movie production away from states that restrict or ban abortions.
Newsom said he supported the state’s legislature’s Senate Bill 485—which would add another $1.65 billion to the tax credit program—extending it through 2030. The program spends $330 billion per year on tax credits for the industry.
“As other states roll back people’s rights, California will continue to protect fundamental freedoms for all, and welcome businesses that stand up for their employees,” Newsom said. “Extending this program will help ensure California’s world-renowned entertainment industry continues to drive economic growth with good jobs and a diverse, inclusive workforce.”…