More help for struggling Hollywood productions is on the way starting next month as a measure to increase California’s film and television tax credit budget from $330 million annually to $750 million was approved by state legislators June 27.
The increased tax credit program was included as a trailer bill added to the fiscal 2026 Budget Act, which passed June 13. Gov. Gavin Newsom is expected to sign the budget Friday after negotiations with legislative leaders wrap up.
Legislators continued to negotiate on details of the budget Friday before it goes into effect July 1.
In October, Newsom proposed a plan to expand the existing tax credit program to $750 million….