Newsom Signs Bill Protecting Entertainment Industry Loan-Outs, Affirming They Must Pay Payroll Tax

Gov. Gavin Newsom signed a union-backed bill on Monday that protects loan-out companies, which had been threatened by a state audit earlier this year. Actors, writers and crew members are typically not treated as employees of the major studios. Instead, they are paid through their personal service companies, which “lend” their services to the studios. […]