Income taxes: credits: music production companies.
Summary
The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws. This bill would, for each taxable year beginning on or after January 1, 2010, authorize a credit under both laws in an amount equal to ____% of the qualified expenditures paid or incurred by the taxpayer for the production of a qualified music recording, as defined, in California. This bill would take effect immediately as a tax levy.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2010
Committee Review
Floor Vote
Governor
Introduced Feb 16, 2010
Last action Nov 30, 2010
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
9
Key actions
2
Committee
6
Amendments
1
May 10, 2010
Lower · Passed
In committee: Set, first hearing. Hearing canceled at the request of author.
lower
Apr 12, 2010
Committee
From committee: Be re-referred to Com. on REV. & TAX. Re-referred. (Ayes 10. Noes 0.) (April 12).
lower
Apr 8, 2010
Committee
Re-referred to Com. on RULES by unanimous consent.
lower
Apr 5, 2010
Committee
Re-referred to Com. on U. & C.
lower
Apr 5, 2010
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & C. Read second time and amended.
lower
Mar 4, 2010
Committee
Referred to Com. on U. & C.
lower
Feb 17, 2010
Lower · Passed
From printer. May be heard in committee March 19.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
MD
Mike Davis
DDemocratic
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