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Governor Newsom Signs $750 Million Film and TV Tax Credit Expansion More Than Doubling Previous $330 Million to Restore 4,400–5,500 Jobs

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Published Jul 3, 2025, 02:29 AM

California lawmakers have approved Governor Gavin Newsom's plan to expand the state's film and television tax credit program from $330 million to $750 million annually. The Democratic-led legislature passed the measure by a wide margin after months of lobbying from the entertainment industry. The increase more than doubles the previous cap and aims to retain and attract film and TV productions to the state amid competition from other U.S. cities and overseas locations.

The California Film Commission estimates that the expanded tax credit could restore between 4,400 and 5,500 production jobs. Governor Newsom emphasized that the expansion reflects a commitment to keeping California as the birthplace and ongoing home of film and television production, supporting working Californians, small businesses, and communities tied to the industry. The legislation was signed into law in early July 2025, with the governor highlighting the need to compete globally to preserve Hollywood's legacy and economic contributions.

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CBS News Bay Area

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The $750 million film and TV tax credit is aimed at helping boost one of California's trademark industries.

NBC Los Angeles

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Gov. Newsom said the state will set aside $750 million – instead of the previous $330 million — to give tax credit to more TV and film studios, including independent productions.

The Hollywood Reporter

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“The world we invented is now competing against us,” Gov. Gavin Newsom said in unveiling $750 million in Hollywood tax incentives to film in California

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Governor Newsom Signs $750 Million Film and TV Tax Credit Expansion More Than Doubling Previous $330 Million to Restore 4,400–5,500 Jobs

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Gavin Newsom out as California Governor in 2025?

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