Passage of $750M Film & TV Tax Credit Press Briefing 7/2/25

This press briefing held by the City of Los Angeles on July 2, 2025, announced the passage and signing of legislation expanding the California Film and Television Tax Credit Program from $330 million to $750 million annually. The expansion aims to bolster the local film and television industry by retaining and creating jobs, supporting small businesses, and encouraging inclusive hiring and workforce development. Key speakers included Mayor Nikki Perez of Burbank, California Film Commission representatives, union leaders, small business owners, and state legislators who emphasized the economic and cultural importance of the industry to California. The briefing highlighted the strategic investment to keep production in California amid competition from other states and countries, with the first round of applications under the new program expected in early June. The program is designed to modernize incentives, support independent productions, and sustain the middle-class workforce behind the scenes in entertainment production.