Overview
- The California State Senate passed SB2319 and sent it to Governor Gavin Newsom on Sunday to create a separate post‑production tax credit for editing, VFX, sound mixing and scoring.
- State lawmakers set aside $10 million to launch the California program if Newsom signs the bill but the long‑term funding level and full eligibility rules remain unresolved.
- Legislators are also poised to approve AB186 to exempt independent films from a new corporate tax‑credit cap, a change that legislative analysis estimates could cost up to $170 million a year.
- President Trump publicly urged Congress on Monday to approve a bipartisan federal production tax incentive after meeting with actor Jon Voight, where drafts discussed 15–20% labor credits that supporters want to allow stacking with state incentives.
- Major studios, the Motion Picture Association and unions back both state and federal action because large shifts of production to Canada and the U.K. have cost tens of thousands of U.S. jobs, but advocates warn that uncertain funding and program design will determine whether jobs actually return.