Income taxes: film tax credits.
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
- Assembly
- Latest action
- Aug 31
Where it stands
Introduced (Done)
Committee (Done)
Floor (Current step)
Law (Needs attention)
What it does
(1) The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws, including various motion picture credits, commonly referred to as motion picture credit 1.0, 2.0, 3.0, and 4.0, and the certified studio credit, to be allocated by the California Film Commission in differing amounts equal to specified percentages of the qualified expenditures of a qualified motion picture in this state. Existing law allows those credits to be sold if they are allocated to independent films, as defined. Existing law allows those credits to be carried forward for 9 years in the case that the credit exceeds the tax owed, as provided. Existing law…
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Committee on Budget
- Jesse Gabriel
In the news
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