BILL NUMBER: AB 1189	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Nazarian

                        FEBRUARY 22, 2013

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1189, as introduced, Nazarian. Income taxes: credits: qualified
motion pictures.
   The Personal Income Tax Law and Corporation Tax Law authorize
various credits against the taxes imposed by those laws, including a
credit against those taxes for taxable years beginning on or after
January 1, 2011, in an amount equal to a specified percentage of the
qualified expenditures, as defined, 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 related to the tax credits for qualified motion pictures.

   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 that would be related to the tax credits authorized under
the Personal Income Tax Credit and the Corporation Tax Law for
qualified motion pictures.