Gov. Gavin Newsom (D-CA) touted the $750 million tax credit for film and television made in his state, calling it a “big part” of the “renewal” for Los Angeles. Newsom’s signature doubles the current tax credit of $330 million.

Nine months after first proposing to increase the annual amount allocated to California's film and TV tax credit program, Gov. Gavin Newsom has signed it into law.

California lawmakers have officially voted to amend the state’s Film & TV Tax Credit Program. This week, the Senate approved and Gov. Gavin Newsom signed into law the bill that has been working its way through the Legislature meant to “modernize” the program and expand eligibility alongside the recently approved $750M in incentive funding.