California has fallen on hard times, wrestling with nationwide highs for the price of anything — from gas to homes to energy. Worry not though, struggling Californians: Hollywood is getting more tax credits.
Gov. Gavin Newsom (D-CA), alongside Los Angeles Mayor Karen Bass, is fighting to more than double California’s Film & Television Tax Credit Program from $330 million to $750 million. The tax credit is designed to coax multibillion-dollar Hollywood studios to make their movies in California (specifically, Los Angeles) with the promise that they don’t need to spend as much on taxes as, well, every other Californian does on everything else.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
Already a member? Log in
