Gov. Newsom Signs Bill to Fund California Production Tax Credit Program

On July 21, Gov. Gavin Newsom held a ceremony to sign a bill that will increase funding to the California Television and Film Tax Credit program. Designated SB 144, the bill yields an additional $330 million investment in the California tax credit program, which plays a crucial role in retaining and bringing jobs back to our state and local. 
 
Specifically, the money will be allocated toward building more sound stages to meet an increasing demand, incentivizing diversity in hiring, and helping to ensure the long-term viability of the state incentive program. This production tax credit program has steadily created middle-class jobs and revenue for our industry and state since 2014, and members will now enjoy even greater benefits thanks to this legislation. 
 
As part of the Entertainment Union Coalition, SAG-AFTRA worked extensively in support of this important legislation, and Los Angeles Local Interim Executive Director Serena Kung was on hand for the bill signing with the governor. SAG-AFTRA applauds and thanks all of our critical supporters in Sacramento: Newsom, state Sen. Anthony Portantino, Assembly members Autumn Burke and Wendy Carrillo, Senate President Pro Tempore Toni Atkins, and Speaker Anthony Rendon.  
 
“California’s iconic entertainment industry is a point of pride that creates important revenue and opportunity for workers, businesses and communities across the state,” said Newsom. “Today’s investments ensure film and television production will continue to fuel the California Comeback through thousands of good jobs right here in the Golden State, training opportunities to increase access, and a focus on fostering diversity and inclusion for a workforce that better reflects our vibrant communities.”