A bill to extend California’s film and TV tax incentive program through 2030 has been placed on hold, as lawmakers continue to work on elements of the bill, including a new diversity mandate.
The state’s $330 million tax credit for Hollywood is currently set to expire in 2025. Sen. Anthony Portantino has worked on a bill, SB 485, that would add another five years to the program.
Last week, a new provision was added requiring that productions that receive a tax credit adopt hiring goals that are “broadly reflective” of the state’s demographics. Assemblywoman Wendy Carrillo, D-Los Angeles, led the effort to include that provision, which also adds an extra 4% subsidy for projects that meet their diversity targets. See more here.