Income and corporate taxes: tax credits: motion pictures.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill modifies California’s motion picture tax credits to increase the amount available and broaden eligibility. It expands the definition of a ‘qualified motion picture’ to include live-action and animated television series, increases the credit percentages, and establishes a new Career Pathways Program to train individuals for film and television jobs. The bill also adjusts the allocation process and aims to incentivize production within California.
Key provisions
- Expands the definition of a ‘qualified motion picture’ to include live-action and animated television series with episodes averaging 20 minutes or more, animated films, and large-scale competition shows.
- Increases the credit percentages for qualified expenditures to 35% or 40% for certain productions.
- Increases the total amount of credits that can be allocated annually to $750,000,000.
- Establishes a Career Pathways Program to fund technical skills training for underserved communities in the film and television industry.
- Requires the California Film Commission to expand the number of nonprofit organizations participating in the Career Pathways Program.
- Modifies the allocation process for motion picture credits, limiting recurring television series credits to the base year allocation plus 3% of subsequent years’ allocations.
- Requires recurring television series to reapply for credits after 18 months of not requesting an allocation.
- Increases the credit amount for qualified expenditures related to original photography outside the Los Angeles zone.
Bill text
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