The Personal Income Tax Law and the Corporation Tax Law authorize 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 requires the California Film Commission to allocate the tax credits until July 1, 2014, 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 2013–14 fiscal year.
California AB 1069 (20112012) — Income taxes: credits: film: extension.
The Personal Income Tax Law and the Corporation Tax Law authorize 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 requires the California Film Commission to allocate the tax credits until July 1, 2014, 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 2013–14 fiscal year.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass as amended, and re-refer to the Committee on Appropriations. — 9–0 (pass) · upper
Do pass and be re-referred to the Committee on Revenue and Taxation. — 9–0 (pass) · lower
Do pass and be re-referred to the Committee on Appropriations. — 8–0 (pass) · lower
AB 1069 FUENTES Concurrence in Senate Amendments — 74–1 (pass) · lower
Do pass as amended. — 9–0 (pass) · upper
Placed on Appropriations Suspense file. — 8–0 (pass) · upper
W/O REF. TO FILE AB1069 Fuentes By Padilla — 34–2 (pass) · upper
AB 1069 FUENTES Assembly Third Reading — 77–1 (pass) · lower
Do pass. — 16–1 (pass) · lower
Sponsors
Fuentes — primary (person)
Alquist — coauthor (person)
Butler — coauthor (person)
Gatto — principal coauthor (person)
Hall — principal coauthor (person)
Ma — coauthor (person)
Pavley — coauthor (person)
Portantino — coauthor (person)
Price — coauthor (person)
Smyth — principal coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2011-02-18 Read first time. To print. reading-1
2011-02-20 From printer. May be heard in committee March 22.
2011-03-14 Referred to Coms. on REV. & TAX. and A.,E.,S.,T., & I.M. referral-committee
2011-03-31 Re-referred to Coms. on A.,E.,S.,T., & I.M. and REV. & TAX. pursuant to Assembly Rule 96. referral-committee
2011-04-12 From committee: Do pass and re-refer to Com. on REV. & TAX. (Ayes 9. Noes 0.) (April 12). Re-referred to Com. on REV. & TAX. referral-committee, committee-passage, committee-passage-favorable
2011-04-26 In committee: Hearing postponed by committee.
2011-05-02 In committee: Hearing postponed by committee.
2011-05-16 In committee: Set, first hearing. Referred to REV. & TAX. suspense file. referral-committee
2011-05-17 From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (May 16). Re-referred to Com. on APPR. referral-committee, committee-passage, committee-passage-favorable
2011-05-18 From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended. reading-2, amendment-introduction, reading-1, amendment-passage
2011-05-19 Re-referred to Com. on APPR. referral-committee
2011-05-27 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
2011-05-27 From committee: Do pass. (Ayes 16. Noes 1.) (May 27). committee-passage, committee-passage-favorable
2011-05-27 Read second time. Ordered to third reading. reading-2, reading-1
2011-05-31 Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 1. Page 1659.) reading-3, reading-1, passage
2011-05-31 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2011-06-08 Referred to Com. on GOV. & F. referral-committee
2011-07-12 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (July 6). amendment-passage, committee-passage, committee-passage-favorable
2011-07-13 Read second time and amended. Re-referred to Com. on APPR. reading-2, reading-1, amendment-passage, referral-committee
2011-08-30 From committee: Do pass as amended. (Ayes 9. Noes 0.) (August 25). amendment-passage, committee-passage, committee-passage-favorable
2011-08-31 Read second time and amended. Ordered to third reading. reading-2, reading-1, amendment-passage
2011-09-07 Re-referred to Com. on RLS. referral-committee
2011-09-09 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS. reading-2, amendment-introduction, reading-1, amendment-passage, referral-committee
2011-09-09 Withdrawn from committee.
2011-09-09 (Ayes 24. Noes 15. Page 2445.)
2011-09-09 Ordered to third reading.
2011-09-10 Read third time. Passed. Ordered to the Assembly. (Ayes 34. Noes 2. Page 2484.). reading-3, reading-1, passage
2011-09-10 In Assembly. Concurrence in Senate amendments pending.