Legislation invests $ 330 million to expand the state’s film and television credit program to retain and attract production jobs
Key industry supports communities statewide with billions in wages and income to help fuel post-pandemic recovery
The legislation includes provisions to increase the diversity of the workforce and to create a pilot skills training program
LOS ANGELES – In a push for California’s economic recovery, Gov. Gavin Newsom today signed legislation investing $ 330 million to expand the success of the film and television tax credit program, which targets to retain and attract productive jobs and economic activity across California – generating nearly $ 18 billion in production spending for the state to date.
Along with representatives from movie studios, labor leaders and lawmakers, the governor signed SB 144 – co-authored by Sen. Anthony Portantino (D-La Cañada Flintridge), MP Wendy Carrillo (D-Los Angeles) and Congresswoman Autumn Burke (D-Inglewood) – now at the historic Sunset Gower Studios in Hollywood. The legislation expands the current film credit program with an increase of $ 180 million over two years and a one-time additional incentive of $ 150 million to be used over several years for the construction of certified film soundstages – by building an infrastructure of studio to keep pace with growth in production. With new diversity work plan provisions and a pilot skills training program, the legislation is creating expanded career opportunities for more Californians.
“California’s iconic entertainment industry is a point of pride that creates significant income and opportunity for workers, businesses and communities across the state,” Governor Newsom said. “Today’s investments ensure that film and television production will continue to fuel California’s comeback through thousands of good jobs right here in the Golden State, training opportunities to increase access and focus. on promoting diversity and inclusion for a workforce that better reflects our vibrant communities. . “
A key economic engine, the California film and television industry provides more than 134,000 production-related jobs, more than 83,000 distribution-related jobs and more than 643,000 jobs created by suppliers and related companies. The Film and Television Tax Credit program has provided $ 335 million to 48 projects since the start of the pandemic. Twenty-seven television series have moved to California from other states and nations since the program launched in 2009.
“These strategic investments reaffirm Golden State’s role as a leading player in the global entertainment industry – a vital sector that represents billions in wages and revenues for workers and businesses in California,” said the director of the governor’s office for business and economic development (GO-Biz) Dee Dee Myers. “The Film Tax Credit program has already provided $ 335 million to support projects statewide since the onset of the pandemic, boosting local economies and helping to fuel our national recovery. With a new forward-looking incentive to modernize studio infrastructure, this package will help keep cameras working in our state in the future. “
Governor Newsom signs legislation to expand film and television tax credit program alongside film studio representatives, union leaders and lawmakers
SB 144 requires recipients of the existing film credit program and new infrastructure incentive to provide aggregate data on the diversity of their workforce, including gender and racial origin, and submit a plan working at the California Film Commission identifying diversity goals.
“The bill signed today by Governor Newsom builds on the success of California’s film and television production tax credit program and ensures that the film, television and streaming industry continues to grow. ‘to be a dynamic part of the California economy,’ said the president and CEO of the Motion Picture Association. Charles Rivkin. “The SB 144 preserves both recurring and relocated TV and streaming series, creates a new program that encourages private investment in sound stage construction and sets new benchmarks and commitments on diversity. “
“I am incredibly grateful for Governor Newsom’s leadership and for his commitment to the entertainment industry. He understands that it is a vital economic engine for California and a big part of the vitality of my district, ”said Senator Portantino. “The investment in building new sound stages is a critical addition to our efforts to increase filming in our Golden State. Modernizing our studio infrastructure and meeting diversity goals will ensure that future entertainment careers flourish in California and that generations of people across the country continue to view our state as the entertainment capital of the world.
Legislation ensures that the construction of new sound stages supports high road jobs by demanding prevailing wages and setting labor standards for construction and ongoing maintenance. By creating pathways for more Californians to access jobs in the film and television industry, the California Film Commission will implement a pilot program to provide technical training to people from underserved communities.
The Entertainment Union Coalition, which represents the members of the Directors Guild of America, SAG-AFTRA, California IATSE Council, LiUNA! Teamsters Local 724 and Local 399 also praised the new “SB 144 Enhances and Enhances California’s Film and Television Tax Credit Program which, since its inception, has created 156,000 jobs. distribution and teamwork and generated $ 18.4 billion. in direct income for our State. SB 144 guarantees that our members can continue to work in California and that more productions can shoot here for decades to come. “
For the full text of the bill, visit: http://leginfo.legislature.ca.gov.