The California governor has increased tax credits by more than $220 million to attract film and TV production back to the state.
California Governor Gavin Newsom has expanded the state's tax incentives for film and television productions to woo them back to Hollywood.Since the turn of the century, other U.S. states and foreign countries have offered financial incentives, including tax breaks, for projects to film there. This has led to an exodus of filming from California, where Hollywood is traditionally seen as the home of film and TV production.
Bass, who helped draft California's original tax credit system when she served as speaker of the California State Assembly in 2009, said it was first created to help prop up the industry. The latest announcement would continue that support.California's tax credit program has generated $26 billion in economic activity for the state and supported more than 197,000 cast and crew jobs since it was first introduced 15 years ago.
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