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A Checklist Guide To California's Revised Film Tax Credit

By Schuyler M. Moore

This article discusses California's revised film tax-credit legislation, AB 1839, passed in September 2014. California is attempting to play catch-up with other states that offer tax subsidies for local production ' and while California's provisions are not as generous as other state tax credits, the new legislation provides substantial benefits for film and television production in California. Unless otherwise defined in the text of this article, all capitalized terms have the meanings set forth in the glossary that accompanies this article.

Note that the revised credit statute applies for tax years beginning in 2016, with respect to credits authorized by the California Film Commission based on initial allocations granted between July 1, 2015 and June 30, 2020, and that receive final approval after July 1, 2016.

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