The state Senate and Assembly leadership have accepted Newsomβs proposed funding level, which more than doubles the program from $330 million. A vote is scheduled on Friday on a trailer bill to make it official, according to multiple sources.
Newsom first proposed the increase last October, in response to a dramatic downturn in film and TV production. It was among his top priorities in this budget cycle. The precise funding level has been in doubt until this week, as the terms of a budget agreement have come together.
The additional funding is projected to increase the number of film jobs supported by the program by 40-50%, according to the California Film Commission β or 4,400 to 5,500 jobs.
Legislators are still working on a companion bill, AB 1138, which will make the program more generous and make funding available to more types of productions. The bill will increase the tax credit received by each project from a base of 20% to 35%, with the potential to go up to 40% for filming outside of Los Angeles.
https://variety.com/2025/film/news/california-750-million-film-tv-credit-1236439413/