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California Senate Approves Film & TV Tax Credits Bill
California Senate Approves Film & TV Tax Credits Bill

Yahoo

time7 days ago

  • Business
  • Yahoo

California Senate Approves Film & TV Tax Credits Bill

In a near-unanimous vote, the California Senate today passed its version of legislation aimed at expanding and retooling the state's Film and Television Tax Credit Program. The vote on Senate Bill 630 was 34-1, with the only nay coming from Sen. Roger Niello, who represents the city of Sacramento and surrounding areas. The bill (read it here) now moves on to the state Assembly. More from Deadline Show Us The Money: When Can Productions Expect To Reap Benefits Of California's Proposed $750M Film & TV Tax Credit Expansion? SAG-AFTRA's 'Here's Looking At You L.A.' & Mayor Karen Bass Push For State & Federal Tax Incentives To Get Hollywood Working Again Sweetened New York Production Incentives A Go As State Budget Passes Along with Assembly Bill 1138 — which passed the Appropriations Committee last month — the legislation would expand the definition of a qualified motion picture, allowing additional projects to apply for the program, including series with episodes averaging 20 minutes or more, animation films, series, and shorts, and large-scale competition shows. After years of strife for the California film and television industry, Gov. Gavin Newsom in October proposed a significant increase to the overall cap on incentives, more than doubling it from $330 million to $750M annually. SB630 and AB1138 seek to do more than just provide additional finance incentives to studios who bring physical production back to California. The sister bills also are meant to 'amend, update, and modernize' the program. The legislation comes amid the latest spurt of runaway production as other states ramp up their film and TV tax incentives programs in an effort to lure production away from California. New York last month passed a state budget that includes expanded incentives. RELATED: Also getting Hollywood's attention is President Donald Trump's bombshell announcement of planned tariffs on movies produced outside the U.S., which were decried many in the industry, along with Newsom, who said Trump has 'no authority' to impose the tariffs. Here is how the voting on SB630 went: Best of Deadline 2025-26 Awards Season Calendar: Dates For Tonys, Emmys, Oscars & More Everything We Know About 'Nobody Wants This' Season 2 So Far List Of Hollywood & Media Layoffs From Paramount To Warner Bros Discovery To CNN & More

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