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Senate appropriations committee sends AB 1138 to the floor to expand motion-picture tax credits
Summary
The California Senate Committee on Appropriations voted 6-0 to advance AB 1138, an urgency bill to modernize the state's film and television tax credit program by increasing credit rates, expanding eligibility and adding reporting requirements; analysts project added costs in later years.
The California Senate Committee on Appropriations voted 6-0 to send AB 1138, an urgency bill authored by Assemblymember Zabir and coauthored by Senator Allen, to the Senate floor. The bill would modernize the state's motion-picture tax credit program by increasing base credit rates, expanding eligible production types and adjusting qualified expenditures to better reflect full production costs.
Assemblymember Zabir told the committee the measure aims to retain and attract production jobs and businesses to California. He cited an analysis by the Los Angeles County Economic Development Corporation and said, “for every tax credit dollar spent resulted in economic output of $24.16 dollars in gross domestic product, 8, dollars and 60¢ in wages, and a dollar and 7¢ in state and local tax revenue.” Zabir said the bill's changes were guided by “the…
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