Gov. Gavin Newsom signed into law an overhaul of California's landmark environmental protection rules that he says is essential to address the state’s critical housing shortage and long-running homeless crisis.

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.

Nine months after first proposing to increase the annual amount allocated to California's film and TV tax credit program, Gov. Gavin Newsom has signed it into law.