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Income taxes: credit: qualified motion pictures.

This bill failed and is no longer moving.

CA AB 286 · Assembly Bill · 2013–2014

Stage
Failed
Started in
Assembly
Sponsor
1
Latest action
Feb 3, 2014

What it does

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including a credit against those taxes for taxable years beginning on or after January 1, 2011, in an amount equal to a specified percentage of the qualified expenditures, as defined, attributable to the production of a qualified motion picture in California, or, where the qualified motion picture has relocated to California or is an independent film, as provided. Existing law defines qualified a motion picture to include a feature with a minimum production budget of $1,000,000 and a maximum production budget of $75,000,000. Existing law imposes specified duties on the…

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Where it stands

This bill failed and is no longer moving.

Failed

This bill failed and is no longer moving.

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Income taxes: credit: qualified motion pictures. | 52