Governor Newsom’s Commitment to Extending the California Film & Tax Credit Program Opens Window for Senator Portantino to Delay Extension until January

For Immediate Release: August 25, 2022

Contact: Lerna Shirinian, (818) 409-0400

Governor Newsom’s Commitment to Extending the California Film & Tax Credit Program Opens Window for Senator Portantino to Delay Extension until January

Sacramento, CA - Today, State Senator Anthony J. Portantino (D – Burbank) requested that Senate Bill 485 - which proposes extending California’s Film and Television Tax Credit Program for five years – be placed on the inactive file and issued the following statement.

“I am grateful to Governor Newsom for his incredible leadership of the Film and Television Tax Credit Program and his strong commitment to extend the credit an additional five years to 2030. This is a significant development and makes clear that the State of California will continue to support this important, historic, and economically powerful industry. Given the Governor’s commitment, it does not seem pressing to push SB 485 through right now, while there is still time to thoughtfully act before 2025. 

I have been working closely with the Governor’s Office, the Department of Finance, my legislative colleagues in the Senate and the Assembly, and industry and labor partners for several years on shaping the program for the future. I look forward to continuing that collaboration in the fall as we prepare for next year’s legislative session. This is an important and successful fiscal and jobs program and I am committed to seeing it extended. Further, I appreciate the work of the bill’s co-authors, in particular Assemblymember Wendy Carrillo.”

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