BILL NUMBER: AB 3	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Bocanegra

                        DECEMBER 3, 2012

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 3, as introduced, Bocanegra. Income taxes: credits: film.
   The Personal Income Tax Law and the Corporation Tax Law authorize
various credits against the taxes imposed by those laws, including a
credit against those taxes attributable to the production of a
qualified motion picture in California, or, where the qualified
motion picture has relocated to California or is an independent film,
as provided.
   This bill would state the intent of the Legislature to enact
legislation to expand or continue the California Film and Television
Tax Credit Program.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated 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 to expand or continue the California Film and Television
Tax Credit Program established pursuant to Sections 17053.85 and
23685 of the Revenue and Taxation Code and Chapter 7.75 (commencing
with Section 5500) of Title 10 of the California Code of Regulations.