Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Version 4.0 creates new diversity, equity, inclusion, and accessibility (DEIA) requirements. Most notably, 4  percent of an applicant ’s awarded credit will be contingent on the submission and approval of several documents related to the applicant ’s efforts to set and achieve DEIA goals.
https://lao.ca.gov/Publications/Report/5036

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - California is the only state that has an explicit competitive element to its tax credit, as it ranks projects using a formula that weighs the wages that will be generated by a production versus the value of credits that will be allocated t o that project.
https://lao.ca.gov/Publications/Report/5000