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<ns0:Id>20250AB__231999INT</ns0:Id>
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<ns0:ActionText>INTRODUCED</ns0:ActionText>
<ns0:ActionDate>2026-02-19</ns0:ActionDate>
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<ns0:SessionYear>2025</ns0:SessionYear>
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<ns0:AuthorText authorType="LEAD_AUTHOR">Introduced by Assembly Member Schultz</ns0:AuthorText>
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<ns0:Name>Schultz</ns0:Name>
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<ns0:Title> An act relating to taxation. </ns0:Title>
<ns0:RelatingClause>taxation</ns0:RelatingClause>
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<ns0:Subject>California motion picture tax credit.</ns0:Subject>
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<html:p>The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including numerous motion picture credits. Most recently, existing law, for taxable years beginning on or after January 1, 2025, allows a motion picture credit (motion picture credit 4.0) to be allocated by the California Film Commission on or after July 1, 2025, and before July 1, 2030, in an amount equal to 35% or 40% of qualified expenditures for the production of a qualified motion picture in this state.</html:p>
<html:p>This bill would make legislative findings and declarations relating to the need in California for tax incentives for postproduction performed in the state. The bill would state the intent of the Legislature to enact legislation that would establish a tax credit for postproduction activities.</html:p>
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<ns0:Preamble>The people of the State of California do enact as follows:</ns0:Preamble>
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<ns0:Num>SECTION 1.</ns0:Num>
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(a)
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The Legislature finds and declares all of the following:
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(1)
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California film and TV productions greatly benefit from the current motion picture tax credit.
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(2)
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This credit does not cover postproduction when principal photography takes place elsewhere or the project otherwise did not qualify for a motion picture tax credit.
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(3)
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Other jurisdictions, including New York, Louisiana, New Mexico, New Jersey, Canada, Australia, Spain, France, and Qatar, offer generous postproduction tax incentives.
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(4)
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Because of the above,
many lucrative postproduction projects have left California for these competing locations.
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(b)
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It is the intent of the Legislature to enact legislation that would establish a tax credit for postproduction performed in the state.
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