The California state assembly recently passed a bill that extends credits for movie makers. The extension is for another 5 years past 2014, so it's tentatively set to expire in 2019.
With the job market in the Golden State in horrible shape this seems like a good move. It was probably equally important to those in Sacramento to maintain California, and especially Los Angeles, as the movie center of the universe. But with the amount of movies and television shows being shot and produced outside of the state at far lower costs, this seems like it might only temporarily stem the tide.