LAUREL ROSENHALL, MATT HAMILTON
Hollywood studios will get a lucrative tax benefit they have long sought and workers on film productions will get new safety protocols they’ve wanted since the deadly “Rust” shooting under new legislation that Gov. Gavin Newsom is expected to sign into law by the end of this week.
It reflects a grand deal between the governor and state lawmakers to tackle Hollywood’s thorniest political fights in Sacramento in one sweeping bill that was made public Saturday as lawmakers race to finalize the state budget.
The legislation will extend California’s film and television tax credit for five more years with a new “refundable” feature allowing studios to receive cash payments from the state if their credits are larger than their tax bills — a perk studios have lobbied for in California for several years in the face of competition from other states.
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