Newsom pushes to give Hollywood millions in refunds amid budget deficit

By Jack Birle

Published March 24, 2023 5:25pm ET

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Newsom pushes to give Hollywood millions in refunds amid budget deficit — California Gov. Gavin Newsom. | (AP Photo/Ringo H.W. Chiu)

California Gov. Gavin Newsom is pushing for legislators in the Golden State to extend a tax credit program for movie studios and allow the credits to be refundable, but it comes as the state faces a budget deficit of $22.5 billion for the next fiscal year.

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California Gavin Newsom Hollywood Taxes