How AB 2222 changes current law

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This bill amends 3 section(s) of the California codes: Section 17039 of the Revenue and Taxation Code; Section 23036 of the Revenue and Taxation Code; Section 24343 of the Revenue and Taxation Code.

• Section 17039 of the Revenue and Taxation Code

  paragraph (9). credit described in paragraph (7) and the credit described in paragraph (9). (9) provisions. (10) (11) (12) → SEC. 1.5. Section 17039 of the Revenue and Taxation Code is amended to read: paragraphs (9) and (11). credits described in paragraphs (7), (8), (9), (11), (12), and (13). (9) For taxable years beginning on or after January 1, 2027, and before January 1, 2032, the credit allowed by Section 17053.98.5. (10) provisions, except the credit described in paragraphs (12) and (13). (11) (12) (13) For taxable years beginning on or after January 1, 2027, and before January 1, 2032, the credit allowed by Section 17053.76. (14) (AJ) For taxable years beginning on or after January 1, 2027, the credit allowed by Section 17053.98.5 (relating to California Post-production Tax Credit). (AK) For taxable years beginning on or after January 1, 2027, and before January 1, 2032, the credit allowed by Section 17053.76 (relating to local news outlets).

  amended

• Section 23036 of the Revenue and Taxation Code

  credit described in paragraph (5). 2025, 23698.1. (6) (7) credit). → SEC. 4.5. Section 23036 of the Revenue and Taxation Code is amended to read: credits described in paragraphs (5), (6), (7), and (8). 2027, and before January 1, 2032, 23698.5. (6) For taxable years beginning on or after January 1, 2025, the credit allowed by Section 23698.1. (7) (8) For taxable years beginning on or after January 1, 2027, and before January 1, 2032, the credit allowed by Section 23633. (9) former credit, repealed on December 1, 2015). (AB) For taxable years beginning on or after January 1, 2027, the credit allowed by Section 23698.5 (relating to California Post-production Tax Credit). (AC) For taxable years beginning on or after January 1, 2027, and before January 1, 2032, the credit allowed by Section 23633 (relating to local news outlets).

  amended

• Section 24343 of the Revenue and Taxation Code

  SEC. 7.

  amended