Felipe Fuentes
- Democratic
Author
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. This bill, under the Personal Income Tax Law and the Corporation Tax Law, would extend the California Film Commission's requirement to allocate the tax credits one additional year, until July 1, 2015. This bill would also extend the limit on the aggregate amount of credits that may be allocated through the 2014–15 fiscal year. This bill would take effect immediately as a tax levy.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 731, Statutes of 2011.
Enrolled and presented to the Governor at 3:30 p.m.
Read third time. Passed. Ordered to the Assembly. (Ayes 34. Noes 2. Page 2484.).
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 74. Noes 1. Page 3268.).
Assembly Rule 63 suspended. (Page 3268.)
In Assembly. Concurrence in Senate amendments pending.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS.
Ordered to third reading.
(Ayes 24. Noes 15. Page 2445.)
Withdrawn from committee.
Senate Rule 29.3(b) suspended. (Ayes 24. Noes 15. Page 2444.)
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 9. Noes 0.) (August 25).
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (July 6).
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 1. Page 1659.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 16. Noes 1.) (May 27).
In committee: Set, first hearing. Referred to APPR. suspense file.
From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (May 16). Re-referred to Com. on APPR.
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
In committee: Hearing postponed by committee.
In committee: Hearing postponed by committee.
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.
Re-referred to Coms. on A.,E.,S.,T., & I.M. and REV. & TAX. pursuant to Assembly Rule 96.
Referred to Coms. on REV. & TAX. and A.,E.,S.,T., & I.M.
From printer. May be heard in committee March 22.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1069 | HTML |
| 02/18/11 - Introduced | |
| 05/18/11 - Amended Assembly | |
| 07/13/11 - Amended Senate | |
| 08/31/11 - Amended Senate | |
| 09/09/11 - Amended Senate | |
| 09/20/11 - Enrolled | |
| 10/09/11 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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