Governor Gavin Newsom announces film and TV tax credit for California

July 2, 2025 9:33 AM

Published July 2, 2025 10:51 AM

LOS ANGELES (KYMA, KECY/NBC) - Governor Gavin Newsom (D-Calif.) is holding a press conference Wednesday morning.

According to a press release obtained by NBC News, this is to announce a $750 million film and TV tax credit, which is said to boost "one of California's hallmark industries, Los Angeles' local economy, and thousands of industry jobs."

This comes after entertainment industry workers, union leaders and small business owners all urged elected officials to support policies to keep film and TV productions in Hollywood.

Los Angeles Mayor Karen Bass is said to be participating in the press conference.

To watch the livestream of the press conference, see attached video.

Article Topic Follows: California Politics

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Dillon Fuhrman

If you have any story ideas, reach out to him at dillon.fuhrman@kecytv.com.

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