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California proposes $1.65B film tax credit to draw productions from anti-abortion states
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Gov. Gavin Newsom is pleading to Hollywood.
The governor of California supports legislation that will extend the state’s film and television tax program through 2030. Newsom made the announcement on Wednesday in an act to draw filmmakers away from anti-abortion states.
If the bill passes, it will provide $1.65 billion, or $330 million annually, in tax credits to the film and TV industry, as well as other media productions. The initial bill was set to expire in 2025 before Newsom’s proposed extension.