Joined by elected officials and entertainment industry workers, including Noah Wyle, the star of HBO Max’s “The Pitt” and NBC show “ER,” Newsom said the state will set aside $750 million – instead of the previous $330 million — to give tax credit to more TV and film studios, including independent productions.

Gov. Gavin Newsom (D-CA) touted the $750 million tax credit for film and television made in his state, calling it a “big part” of the “renewal” for Los Angeles. Newsom’s signature doubles the current tax credit of $330 million.

Newsom said the bills, which he signed Monday night, are the most consequential housing reform in recent California history.