Gov. Gavin Newsom signed a standalone postproduction tax incentive into law on Friday in a bid to lure Hollywood jobs back to California and render the state more competitive with the likes of New York and Georgia. The governor gave his stamp of approval to AB 2319 in a ceremony at North Hollywood’s Television Academy offices on Friday. The bill, carried by state Assemblymember Nick Schultz, rewards productions that locate their postproduction work in the state. Existing law allows projects that shoot in California to qualify for tax credits on their postproduction work. AB 2319 additionally extends tax credits to productions that shot…
