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AB-855 Taxation: incentive program: television and film production.(2009-2010)

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CALIFORNIA LEGISLATURE— 2009–2010 REGULAR SESSION

Assembly Bill
No. 855

Introduced  by  Assembly Member Krekorian

February 26, 2009

An act relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


AB 855, as introduced, Krekorian. Taxation: incentive program: television and film production.
The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws.
This bill would declare the intent of the Legislature to enact legislation that will create a tax incentive program that promotes a robust economic environment for television and film production.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 It is the intent of the Legislature to enact legislation that will address the effects of the current economic downturn on California entertainment industry businesses, which employ thousands of workers and create millions of dollars of economic activity, by creating a tax incentive program that promotes a robust economic environment for television and film production.