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 an applicable percentage of either 20% or 25%, respectively, of the qualified expenditures, as defined, attributable to the production in California of a qualified motion picture, as defined. Existing law imposes specified duties on the California Film Commission related to the administration of the credits, including a requirement to allocate the tax credits until July 1, 2017, and limits the aggregate amount of credits that may be allocated to qualified motion pictures in any fiscal year to $100,000,000 through the 2016–17 fiscal year. This bill would establish new, alternative credits under the Personal Income Tax Law and the Corporation Tax Law for taxable years beginning on or after January 1, 2016, allowing a credit equal to 20% of the qualified expenditures attributable to the production in California of one or more qualified motion pictures, defined to include a feature, television series, music video, commercial, and video game, with a aggregate qualified expenditure amount of at least $500,000. The bill would provide that the credit amount may be increased by an additional 10% if each qualified motion picture, for which qualified expenditures are aggregated for the claim of credit, includes a California promotion, as specified. The bill would further provide that the credit amount may be increased by up to an additional 5% if each qualified motion picture, for which qualified expenditures are aggregated for the claim of credit, incurred or paid the qualified expenditures relating to original photography outside of a major city zone, as defined. The bill would authorize any credit allowed pursuant to these provisions to be sold to an unrelated party subject to specified requirements. This bill would take effect immediately as a tax levy.
Sponsored bills
This measure, in celebration of National Strawberry Month, would recognize the contributions of California strawberry farmers and the California Strawberry Commission in supporting a quintessential California crop that sustains families, communities, the environment, the California economy, and the opportunity for immigrants to pursue the American Dream.
This measure would proclaim the month of May 2014 as Arthritis Awareness Month.
This measure would designate the month of May 2014 as Bone Marrow Donation Awareness Month.
This measure would proclaim April 2014 as Mathematics Awareness Month and would, among other things, encourage colleges, universities, and other organizations to hold events to celebrate Mathematics Awareness Month.
This measure would designate the month of April 2014 as Parkinson's Disease Awareness Month.
This measure would proclaim the month of April 2014 as California Craft Brewery Month.
This measure would designate the month of April 2014 as Sexual Assault Awareness Month, and would recognize April 23, 2014, as Denim Day California.
This measure would proclaim the month of April 2014 as Alcohol Awareness Month in California.
Existing law authorizes the sheriff of a county or the chief or other head of a municipal police department of any city or city and county to issue a license to carry a concealed firearm to an applicant for that license if the applicant is of good moral character, good cause exists for issuance of the license, the applicant meets specified residency requirements, and the applicant has completed a specified course of training, including firearm safety. This bill would require the Department of Justice to issue a license to carry a handgun concealed upon the person, if certain requirements are met and fees paid. The bill would specify the information, required for the application for the license, what data would be displayed on the license, and fees for issuance of a license, amendment, or replacement of a license. The bill would provide that the license would be valid for 5 years from issuance, unless canceled by the licensee or revoked for cause. The bill would create a misdemeanor for submission of false information on a license application, and a felony for submission of false statements on a license application, as specified. By creating new crimes, this bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.