California governor signs legislation enacting $10 million post-production tax credit

The short version

• California Gov. Gavin Newsom signed AB 2319, establishing a $10 million post-production tax credit aimed at retaining visual effects and editing work within the state.[Variety]
• Unlike California's primary film incentive, the new credit subsidizes in-state post-production even if primary filming took place outside California.[Variety]
• Supporters originally sought a $100 million credit but consider the approved amount a helpful starting measure.[Variety]
• The legislation requires 85% of project funding to support union-level wages and benefits.[Variety]

Key facts

• Gov. Gavin Newsom signed AB 2319 into law, creating a $10 million post-production tax credit in California.[Variety]
• The credit allows productions filmed outside California to receive state subsidies for local editing and visual effects work.[Variety]
• An amendment in May requires 85% of the tax credit funding to pay for positions providing union-level wages and benefits.[Variety]
• Gov. Newsom also signed SB 186, which exempts indie films from corporate tax credit caps and shortens payback periods on refundable credits.[Variety]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Gavin Newsom Signs Bill Creating $10 Million Post-Production Tax CreditVariety metered