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Newsom Faces Decision on SB 2319 Post-Production Tax Credit

8/31/2026

30 4 Full Breakdown

Summary

Story summary

Governor Gavin Newsom must decide whether to sign Senate-passed SB 2319 creating a post-production tax credit.
The California State Senate approved SB 2319 with a 33-5 vote.
The credit would allocate about $35 million in its first year, down from $100 million estimates.
No funding exists for the credit in California’s $352 billion zero-deficit state budget.
The Motion Picture Editor’s Guild praised the bill’s passage.

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Story summary

Governor Gavin Newsom must decide whether to sign Senate-passed SB 2319 creating a post-production tax credit.
The California State Senate approved SB 2319 with a 33-5 vote.
The credit would allocate about $35 million in its first year, down from $100 million estimates.
No funding exists for the credit in California’s $352 billion zero-deficit state budget.
The Motion Picture Editor’s Guild praised the bill’s passage.