Newsom Seeks $1 Billion California Film and TV Tax Credit Program

WHO:

Deadline - Gavin Newsom, California’s governor, proposed expanding the state’s film and television tax incentives.

TMZ - Gavin Newsom announced what he called a “historic” plan for California’s TV and film industry.

Variety - California Gov. Gavin Newsom called for another expansion of the state’s film and TV tax credit program.

WHAT:

Deadline - Newsom proposed a film and television incentive program worth more than $1 billion.

TMZ - Newsom proposed a $1 billion tax credit program for California’s TV and film industry.

TMZ - The proposal would expand the industry’s tax credit program from $750 million.

Variety - Newsom proposed increasing California’s entertainment production incentive from $750 million in annual tax credits to at least $1 billion.

WHERE:

Deadline - The proposed incentives are for California’s film and television industry.

TMZ - The proposed tax credit program is in California.

Variety - The entertainment production incentive program is California’s.

WHEN:

Deadline - Newsom proposed the expansion on the day before his successor was to be elected in the midterms.

TMZ - Newsom had just announced the plan when the article was published.

Variety - Newsom made the proposal on the eve of the 2026 midterm elections.

WHY:

TMZ - Newsom said he was trying to get Hollywood “back on track.”

HOW:

Variety - The proposal would increase the annual tax-credit amount from $750 million to at least $1 billion.

(UPDATED November 2, 2026 18:01 UTC)

Gavin Newsom proposed expanding California’s film and television tax credits to at least $1 billion annually. The plan would increase the state’s incentive from $750 million. Newsom said he wants to get Hollywood “back on track” with the expansion.