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

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.

California Gov. Gavin Newsom joined “The Pitt” star Noah Wyle in Burbank to celebrate the expansion of the state’s film tax credit program, raising its cap from $330 million to $750 million. “The world we invented is now competing against us, and we need to step up our game,” he said.