California 2017-2018 Regular Session Status: In Committee 1 D cosponsors

AB 2936 — Income taxes: credits: motion pictures.

Last action — In committee: Held under submission.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2017-2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including motion picture credits for taxable years beginning on or after January 1, 2016, to be allocated by the California Film Commission on or after July 1, 2015, and before July 1, 2020, subject to a computation and ranking of applicants based on a jobs ratio. Existing law allows the credit for the taxable year in which the commission issues a credit certificate for the qualified motion picture for the applicable percentage of all qualified expenditures, as defined, paid or incurred by the qualified taxpayer in all taxable years for that qualified motion picture. Existing law limits the aggregate amount of these credits allocated in each fiscal year to $330 million, through and including the 2019–20 fiscal year. This bill would allow and extend the allocation of those credits through and including the 2024–25 fiscal year. The bill would require the commission to allocate those credits before July 1, 2025, as specified. This bill would take effect immediately as a tax levy.

Bill Text

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Action History

  1. In committee: Held under submission.

  2. Joint Rule 62(a), file notice suspended. (Page 5298.)

  3. In committee: Set, first hearing. Referred to APPR. suspense file.

  4. From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 1.) (May 14). Re-referred to Com. on APPR.

  5. From committee: Do pass and re-refer to Com. on REV. & TAX. (Ayes 7. Noes 0.) (April 17). Re-referred to Com. on REV. & TAX.

  6. Referred to Coms. on A.,E.,S.,T., & I.M. and REV. & TAX.

  7. From printer. May be heard in committee March 19.

  8. Read first time. To print.

Sponsors

  • Acosta · Cosponsor
  • Bloom · Cosponsor
  • Friedman · Cosponsor
  • Holden · Cosponsor
  • Levine · Cosponsor
  • Nazarian · Primary
  • Juan Carrillo · Cosponsor
  • Travis Allen · Cosponsor

Sponsorship breakdown

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1 sponsors · 7 co-sponsors · 114 not signed on

Sponsors (1)

  • Nazarian

Co-sponsors (7)

Not signed on (114)

114 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Frequently asked questions

What does AB 2936 do?
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including motion picture credits for taxable years beginning on or after January 1, 2016, to be allocated by the California Film Commission on or after July 1, 2015, and before July 1, 2020, subject to a computation and ranking of applicants based on a jobs ratio. Existing law allows the credit for the taxable year in which the commission issues a credit certificate for the qualified motion picture for the applicable percentage of all qualified expenditures, as defined, paid or incurred by the qualified taxpayer in all taxable years for that qualified motion picture. Existing law limits the aggregate amount of these credits allocated in each fiscal year to $330 million, through and including the 2019–20 fiscal year. This bill would allow and extend the allocation of those credits through and including the 2024–25 fiscal year. The bill would require the commission to allocate those credits before July 1, 2025, as specified. This bill would take effect immediately as a tax levy.
Who sponsors AB 2936?
AB 2936 is sponsored by Acosta, Bloom, Friedman, Holden, Levine, Nazarian, Carrillo, Juan (Democratic), and Travis Allen.
What is the current status of AB 2936?
This bill died with 2017-2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track AB 2936?
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