Income taxes: credits: motion pictures.
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Aug 11, 2022
What it does
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including credits to a qualified taxpayer in an amount equal to 20% or 25% of qualified expenditures for the production of a qualified motion picture in California (film credits) . Existing law provides additional credits, among other credits, for the production of a qualified motion picture in California, as specified, that is in its 2nd or subsequent years of receiving a tax credit allocation, in an aggregate amount not to exceed 5% of the qualified expenditures of that motion picture relating to original photography outside of the Los Angeles zone, as defined. Existing…
Where it stands
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
Introduced (Done)
Committee (Done)
Floor (Current step)
Law (Needs attention)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money in California.