By Gene Maddaus
Plus IconGene Maddaus
Senior Media Writer
@GeneMaddaus See All
Getty Images for Entertainment I The entertainment industry is warning Gov. Gavin Newsom that the state risks undermining California production if it imposes a new limit on corporate tax credits.
In a June 8 letter, a coalition of industry and labor groups argued that the governor’s budget proposal will cost production jobs and sabotage the state’s film incentive.
“The result will not be theoretical — it will be immediate and concrete,” the letter states. “This impact will be felt across the entire production ecosystem,” adding that the measure poses “a direct and immediate threat to tens of thousands of middle-class jobs.”
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