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VIDEO | 06:07
LA Times Today: Newsom wants to extend Hollywood tax credits — and give out millions in refunds

LA Times Today: Newsom wants to extend Hollywood tax credits — and give out millions in refunds

Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the Spectrum News App. Palos Verdes Peninsula and Orange County viewers can watch on Cox Systems on channel 99.

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Lawmakers are reviewing a proposal by Governor Gavin Newsom to extend California’s film tax credit for another five years allowing TV and film studios to convert a portion of their tax credits into cash payments.

L.A. Times Sacramento bureau chief Laurel Rosenhall explained why some lawmakers are pushing back.

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