The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws. This bill would, for each taxable year beginning on or after January 1, 2010, authorize a credit under both laws in an amount equal to ____% of the qualified expenditures paid or incurred by the taxpayer for the production of a qualified music recording, as defined, in California. This bill would take effect immediately as a tax levy.
From committee without further action.
In committee: Set, first hearing. Hearing canceled at the request of author.
From committee: Be re-referred to Com. on REV. & TAX. Re-referred. (Ayes 10. Noes 0.) (April 12).
From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & C. Read second time and amended.
From printer. May be heard in committee March 19.
Read first time. To print.
|Bill Text Versions||Format|
|02/16/10 - Introduced|
|04/05/10 - Amended Assembly|
|No related documents.|
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