UPDATED, 4:25 PM:CaliforniaGov.
Californias iconic entertainment industry drives economic growth in communities all across our state, the governor said.
This new budget will create the states fourth-generation film/TV tax credit program known as Program 4.0.

California Gov. Gavin NewsomGetty
Here are other statements on todays bill signing.
This bill preserves good middle-class jobs that are safe and accessible to all working families in California.
The bill, AB/SB 132, now is headed to the desk of Gov.

Gavin Newsom, who is expected to sign it.
This agreement establishes best practices statewide that were already in use among Hollywoods top studios.
I commend Governor Newsom, the film studios and unions for their commitment to film safety.
It also prohibits the use of live ammunition except in limited circumstances following safety rules and laws.
Our unique industry faces a myriad of hazardous and potentially hazardous activities that take place daily.
Erik Pedersencontributed to this report.