Newsom's budget proposal limits tax credits, involving the Motion Picture Association.
2 reports, 2 independent
Updated Jul 14
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What happened
Newsom's budget proposal limits tax credits, involving the Motion Picture Association.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Newsom's office was involved in negotiations regarding tax carveouts, where Ben Allen pushed for specific allowances from the tax cap.Sub-event
Newsom announces budget proposal limits on tax credits affecting the film industry.1 source
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The entities involved
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Gavin Newsom
40th governor of California since 2019
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Motion Picture Association
trade organization representing major American film studios
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- Newsom champions tax credits for production jobs while EUC pressures lawmakers regarding a state film program.
- Karen Bass urged Governor Gavin Newsom to sign a new tax credit bill.