L.A. Mayor Karen Bass Advocates for Unlimited Film Tax Incentive Amid Election Campaign
Los Angeles Mayor Karen Bass has announced her support for an unlimited state tax incentive for film and TV production, aligning with her mayoral rival, Councilwoman Nithya Raman. This move comes as Bass faces a challenging reelection campaign, with the decline in production jobs being a significant issue. Previously, as Assembly speaker, Bass was instrumental in passing the state's original production credit lottery, which has since expanded to $750 million annually. On Friday, she proposed removing the cap entirely, emphasizing the need to compete globally for entertainment jobs. Raman had earlier called for an uncapped tax credit, highlighting the necessity for studios to have certainty about receiving state subsidies if they choose to film in California. Bass also expressed opposition to Paramount Skydance's acquisition of Warner Bros. Discovery unless it can be achieved without job losses. 
