State support for the contracting L.A. film and TV industry is now in the hands of California Governor Gavin Newsom and some (hoperfully) very creative accountants.
With just hours to spare, the California State Senate passed SB 2319 by a vote of 33-5. The legislation creates a separate tax incentive for the post-production industry. The bill now moves on to Newsom’s desk.
Earlier this year, state representatives talked about the post-production credit reaching up to $100 million in allocated incentives across VFX, scoring, mixing and more. That sky-high number is now more realistically envisioned at around $35 million for
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