SB 485

  • California Senate Bill
  • 2021-2022 Regular Session
  • Introduced in Senate Feb 17, 2021
  • Passed Senate Jan 24, 2022
  • Assembly
  • Governor

Income taxes: tax credits: motion picture credit extension.

Abstract

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including a motion picture credit for taxable years beginning on or after January 1, 2020, to be allocated by the California Film Commission on or after July 1, 2020, and before July 1, 2025, in an amount equal to 20% or 25% of qualified expenditures for the production of a qualified motion picture in this state, with additional credit amounts allowed, including for amounts equal to specified qualified expenditures and qualified wages relating to original photography outside the Los Angeles zone, as specified. Existing law limits the aggregate amount of credits that may be allocated to specified amounts per fiscal year, and sets forth allocation percentages for various productions under the motion picture credit. This bill would extend the period during which the commission allocates the above-described motion picture credits through July 1, 2030. The bill would also extend the application of the limit on the aggregate amount of credits that may be allocated through the 2029–30 fiscal year and would make conforming changes. This bill would take effect immediately as a tax levy.

Bill Sponsors (8)

Votes


Actions


Jun 15, 2022

Assembly

From committee: Do pass and re-refer to Com. on REV. & TAX. (Ayes 7. Noes 0.) (June 15). Re-referred to Com. on REV. & TAX.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on REV. & TAX.

Assembly

Coauthors revised.

May 05, 2022

Assembly

Referred to Coms. on A.,E.,S.,T., & I.M. and REV. & TAX.

  • Referral-Committee
Coms. on A.,E.,S.,T., & I.M. and REV. & TAX.

Jan 24, 2022

Assembly

In Assembly. Read first time. Held at Desk.

Senate

Read third time. Passed. (Ayes 36. Noes 0. Page 2805.) Ordered to the Assembly.

Jan 20, 2022

Senate

From committee: That the measure be returned to the Senate Floor for consideration. (Ayes 7. Noes 0. Page 2795.) (January 20).

Jan 19, 2022

Senate

Set for hearing January 20.

Jan 18, 2022

Senate

January 18 hearing: Placed on APPR suspense file.

Jan 07, 2022

Senate

Set for hearing January 18.

Jan 06, 2022

Senate

From committee: Pursuant to Senate Rule 29.10 that the measure be re-referred to Com. on APPR pursuant to Joint Rule 10.5. (Ayes 4. Noes 0. Page 2727.) (January 6). Re-referred to Com. on APPR.

  • Committee-Passage
  • Referral-Committee
Com. on APPR pursuant to Joint Rule 10.5. (Ayes 4. Noes 0. Page 2727.) (January 6). Re-referred to Com. on APPR.

Jan 05, 2022

Senate

(Corrected January 6).

Senate

From committee: Be re-referred to Com. on GOV. & F. pursuant to Senate Rule 29.10(b). (Ayes 3. Noes 0.) Re-referred to Com. on GOV. & F.

  • Committee-Passage
  • Referral-Committee
Com. on GOV. & F. pursuant to Senate Rule 29.10(b). (Ayes 3. Noes 0.) Re-referred to Com. on GOV. & F.

Jan 04, 2022

Senate

Re-referred to Com. on RLS pursuant to Senate Rule 29.10(b).

  • Referral-Committee
Com. on RLS pursuant to Senate Rule 29.10(b).

Senate

Read second time. Ordered to third reading.

Jan 03, 2022

Senate

From inactive file.

Senate

Read second time and amended. Ordered to second reading.

Senate

Ordered to second reading.

Dec 28, 2021

Senate

Set for hearing January 6 in GOV. & F. pending receipt.

Jun 01, 2021

Senate

Ordered to inactive file on request of Senator Portantino.

May 24, 2021

Senate

Read second time. Ordered to third reading.

May 20, 2021

Senate

Read second time and amended. Ordered to second reading.

Senate

From committee: Do pass as amended. (Ayes 7. Noes 0. Page 1193.) (May 20).

May 18, 2021

Senate

Set for hearing May 20.

May 17, 2021

Senate

May 17 hearing: Placed on APPR suspense file.

May 13, 2021

Senate

Set for hearing May 17.

May 11, 2021

Senate

Read second time and amended. Re-referred to Com. on APPR.

  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on APPR.

May 10, 2021

Senate

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 1045.) (May 6).

Apr 29, 2021

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.

  • Amendment-Passage
  • Committee-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on GOV. & F.

Apr 28, 2021

Senate

Set for hearing May 6.

Mar 18, 2021

Senate

Re-referred to Com. on GOV. & F.

  • Referral-Committee
Com. on GOV. & F.

Mar 10, 2021

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

  • Amendment-Passage
  • Committee-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on RLS.

Feb 25, 2021

Senate

Referred to Com. on RLS.

  • Referral-Committee
Com. on RLS.

Feb 22, 2021

Senate

(Ayes 32. Noes 4.)

Senate

Joint Rule 55 suspended. (Ayes 32. Noes 4. Page 272.)

Senate

Art. IV. Sec. 8(a) of the Constitution dispensed with.

Feb 18, 2021

Senate

From printer. May be acted upon on or after March 20.

Feb 17, 2021

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB485 HTML
02/17/21 - Introduced PDF
03/10/21 - Amended Senate PDF
04/29/21 - Amended Senate PDF
05/11/21 - Amended Senate PDF
05/20/21 - Amended Senate PDF
01/03/22 - Amended Senate PDF

Related Documents

Document Format
05/03/21- Senate Governance and Finance PDF
05/14/21- Senate Appropriations PDF
05/20/21- Senate Appropriations PDF
05/25/21- Sen. Floor Analyses PDF
01/03/22- Senate Governance and Finance PDF
01/15/22- Senate Appropriations PDF
01/21/22- Sen. Floor Analyses PDF
06/13/22- Assembly Arts, Entertainment, Sports, Tourism, and Internet Media PDF

Sources

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