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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 β€œlend” their services to the studios. […]

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