California lawmakers are seeking a large increase to the state’s film and TV tax credit program, a $180 million hike that would bring the Golden State more in parity with New York. The state Senate Budget Committee adopted a proposal last week that would provide $90 million per year for 2021-22 and 2022-23. That is a far greater figure than Gov. Gavin Newsom’s proposal to increase the tax incentives by $30 million in the next fiscal year.
