4 articles from Variety, Los Angeles Times, The Hollywood Reporter.
Gov. Gavin Newsom signed AB 2319, creating California's first standalone post-production tax credit worth $10 million. The measure offers a 35% to 50% tax credit for editing, sound, visual effects, and scoring work performed in the state, designed to retain post-production jobs that have been moving to other states and overseas. The bill also exempts independent projects from caps on the use of state tax credits and allows enhanced monetization of incentives.
AI-generated summary of 4 source articles. Not original reporting — every claim links to its source below.
Gov. Gavin Newsom has signed a measure to create a $10 million tax credit meant to stem the tide of post-production jobs to other states and overseas. The bill, AB 2319, passed the state Assembly and Senate last month by wide margins. Supporters, including the Motion Picture…
Gov. Gavin Newsom signed AB 2319, California's first standalone post-production tax credit, offering 35% to 50% back to lure editing, sound and VFX work home.
The new law exempts indie projects from caps on the use of state tax credits and offers productions enhanced monetization of their incentives.
The bill, AB 2319, rewards productions that locate their scoring, editing or other kinds of post work in the state.
