Income and corporate taxes: tax credits: motion pictures.
(1) The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including various motion picture credits, commonly referred to as motion picture credit 1.0, 2.0, 3.0, and 4.0, and the certified studio credit, to be allocated by the California Film Commission in differing amounts equal to specified percentages of the qualified expenditures of a qualified motion picture in this state. Existing law allows a qualified taxpayer, if a motion picture credit exceeds the taxpayer's tax liability, to elect to assign a portion of the credit to one or more affiliated corporations for each taxable year in which the credit is allowed, as specified.
California AB 1138 (20252026) — Income and corporate taxes: tax credits: motion pictures.
(1) The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including various motion picture credits, commonly referred to as motion picture credit 1.0, 2.0, 3.0, and 4.0, and the certified studio credit, to be allocated by the California Film Commission in differing amounts equal to specified percentages of the qualified expenditures of a qualified motion picture in this state. Existing law allows a qualified taxpayer, if a motion picture credit exceeds the taxpayer's tax liability, to elect to assign a portion of the credit to one or more affiliated corporations for each taxable year in which the credit is allowed, as specified.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
The legislative action history — every referral, reading, and vote.
2025-02-20 Read first time. To print. reading-1
2025-02-21 From printer. May be heard in committee March 23.
2025-03-28 Referred to Coms. on A.,E.,S., & T. and REV. & TAX. referral-committee
2025-03-28 From committee chair, with author's amendments: Amend, and re-refer to Com. on A.,E.,S., & T. Read second time and amended. amendment-introduction, amendment-passage, reading-1, reading-2
2025-04-01 Re-referred to Com. on A.,E.,S., & T. referral-committee
2025-04-22 From committee: Do pass and re-refer to Com. on REV. & TAX. (Ayes 8. Noes 0.) (April 22). Re-referred to Com. on REV. & TAX. committee-passage, committee-passage-favorable, referral-committee
2025-04-22 From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended. amendment-introduction, amendment-passage, reading-1, reading-2
2025-04-23 Re-referred to Com. on REV. & TAX. referral-committee
2025-04-28 In committee: Set, first hearing. Referred to REV. & TAX. suspense file. referral-committee
2025-04-29 Coauthors revised.
2025-04-29 From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (April 28). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-05-14 In committee: Hearing postponed by committee.
2025-05-21 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
2025-06-03 Read third time. Passed. Ordered to the Senate. (Ayes 73. Noes 1. Page 2014.) passage, reading-1, reading-3
2025-06-04 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2025-06-18 Referred to Com. on REV. & TAX. referral-committee
2025-06-23 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on REV. & TAX. amendment-introduction, amendment-passage, reading-1, reading-2, referral-committee
2025-06-24 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on REV. & TAX. amendment-introduction, amendment-passage, reading-1, reading-2, referral-committee
2025-06-26 From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (June 26). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-06-30 From committee: Do pass. (Ayes 6. Noes 0.) (June 30). committee-passage, committee-passage-favorable
2025-07-01 Read second time. Ordered to third reading. reading-1, reading-2
2025-07-03 Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 32. Noes 2. Page 1918.). passage, reading-1, reading-3
2025-07-03 In Assembly. Concurrence in Senate amendments pending.
2025-07-03 Assembly Rule 63 suspended.
2025-07-03 Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 69. Noes 1.). amendment-passage, committee-passage-favorable
2025-07-03 Enrolled and presented to the Governor at 11 a.m.
2025-07-03 Approved by the Governor. executive-signature
2025-07-03 Chaptered by Secretary of State - Chapter 27, Statutes of 2025. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/4dce678f-2e4e-41db-88f6-28882c262022. Confidence: reported (aggregated from official California legislature records).