Newsom and lawmakers cut a grand deal for Hollywood: Refundable tax credit and new set safety rules
LA TimesNew legislation that Gov. Hollywood studios will get a lucrative tax benefit they have long sought and workers on film productions will get new safety protocols they’ve wanted since the deadly “Rust” shooting under new legislation that Gov. The legislation will extend California’s film and television tax credit for five more years with a new “refundable” feature allowing studios to receive cash payments from the state if their credits are larger than their tax bills — a perk studios have lobbied for in California for several years in the face of competition from other states. It weaves in the set safety issue by requiring that productions receiving the tax credit follow new safety rules including hiring a safety advisor to perform a risk assessment and be on set during filming. “We wanted it to be law so it applied to everyone, top to bottom.” The legislation incorporates much of Newsom’s proposal earlier this year to make $330 million in film tax credits available per year from 2025 to 2030.
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New California gun safety laws for movie sets after ‘Rust’ shooting hobbled by Legislature
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