California governor enacts standalone postproduction film tax incentive

The short version

• Gov. Gavin Newsom signed AB 2319 into law, establishing a $10 million standalone tax incentive for postproduction work in California.[The Hollywood Reporter]
• The measure allows projects that filmed outside the state or failed to qualify for production credits to receive postproduction incentives.[The Hollywood Reporter]
• The policy responds to out-of-state competition, though the authoring lawmaker noted the initial allocation may prove insufficient amid state budget constraints.[The Hollywood Reporter]

Key facts

• Gov. Gavin Newsom signed AB 2319 into law on Friday at the Television Academy offices in North Hollywood.[The Hollywood Reporter]
• The bill establishes an initial $10 million allocation for standalone postproduction tax credits.[The Hollywood Reporter]
• The measure was carried by state Assemblymember Nick Schultz and co-sponsored by the California Post Alliance and the Motion Picture Editors Guild.[The Hollywood Reporter]
• The credit extends to productions that shoot outside California or otherwise do not qualify for state production incentives.[The Hollywood Reporter]

Sources

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

• Gov. Gavin Newsom Signs CA Postproduction Tax Credit Into LawThe Hollywood Reporter metered