Independent film productions will get a boost – but they also face more exposures
California’s entertainment industry is set for a boost after Gov. Gavin Newsom announced plans to more than double the state’s cap on its tax credit program to $750 million, from the current $330 million.
The bill, unveiled in late October, is seen as an aggressive bid to revive film and television production in California after it was curbed by the COVID-19 pandemic and workers’ strikes in recent years. If passed, it would make California the top state for capped film incentive programs, according to a report by the Los Angeles Times.
Experts told Insurance Business that the an