BILL ANALYSIS                                                                                                                                                                                                    Ó



                                                                    AB 1199


                                                                    Page  1





          Date of Hearing:  April 28, 2015


           ASSEMBLY COMMITTEE ON ARTS, ENTERTAINMENT, SPORTS, TOURISM, AND  
                                   INTERNET MEDIA


                             Ian Charles Calderon, Chair


          AB 1199  
          (Nazarian) - As Introduced February 27, 2015


          SUBJECT:  Income taxes:  credits:  motion pictures.


          SUMMARY:  Redefines qualified expenditures for music and scoring  
          of films under the film tax credit program. Specifically, this  
          bill:  


          1)Provides additional credits to a qualified motion picture in  
            an aggregate amount, as specified, including five percent of  
            the qualified expenditures relating to qualified music  
            preparation, music scoring, music track recording, and music  
            editing by musicians attributable to the production of a  
            qualified motion picture in California.
          2)Defines "Qualified music preparation, music scoring, music  
            track recording, and music editing" to mean music preparation,  
            music scoring, music track recording, and music editing where  
            at least 75% or a minimum of one hundred thousand dollars  
            ($100,000) of the total expenditures for the music  
            preparation, music scoring, music track recording, and music  
            editing is paid or incurred in California.


          EXISTING LAW:  









                                                                    AB 1199


                                                                    Page  2






          1)Provides that, for taxable years beginning on or after January  
            1, 2016, there shall be allowed to a qualified taxpayer a  
            credit against the "net tax," as specified, in an amount equal  
            to 20% or 25%, whichever is the applicable credit percentage  
            of the qualified expenditures for the production of a  
            qualified motion picture in California.



          2)Declares that the applicable credit percentage shall be:



             a)   Twenty percent of the qualified expenditures  
               attributable to the production of a qualified motion  
               picture in California, including, but not limited to, a  
               feature, up to one hundred million dollars ($100,000,000)  
               in qualified expenditures, or a television series that  
               relocated to California that is in its second or subsequent  
               years of receiving a tax credit allocation, as provided.



             b)   Twenty-five percent of the qualified expenditures  
               attributable to the production of a qualified motion  
               picture in California where the qualified motion picture is  
               a television series that relocated to California in its  
               first year of receiving a tax credit allocation pursuant to  
               this section.



             c)   Twenty-five percent of the qualified expenditures, up to  
               ten million dollars ($10,000,000), attributable to the  
               production of a qualified motion picture that is an  
               independent film.










                                                                    AB 1199


                                                                    Page  3






          3)Allows additional credits to a qualified motion picture in an  
            aggregate amount not to exceed 5% of the qualified  
            expenditures relating to music scoring and music track  
            recording, by musicians attributable to the production of a  
            qualified motion picture in California.
          4)Defines "Postproduction" to mean the final activities in a  
            qualified motion picture's production, including editing,  
            foley recording, automatic dialogue replacement, sound  
            editing, scoring, music track recording by musicians and music  
            editing, beginning and end credits, negative cutting, negative  
            processing and duplication, the addition of sound and visual  
            effects, sound mixing, film-to-tape transfers, encoding, and  
            color correction.


          5)Requires that a "qualified motion picture," must film at least  
            75% of its principal photography days wholly in California or  
            75% of the production budget must be incurred within the  
            state.


          FISCAL EFFECT:  Unknown


          COMMENTS:  


          1)Author and supporter's statement of need for legislation: AB  
            1839 was a good start but didn't require post-production work  
            be done in California. The author states the following in  
            support of this measure, "Governments across the U.S. and  
            around the world are investing billions of dollars in the film  
            and television industry in an effort to create and retain the  
            high-quality jobs attached to the industry. Yet musicians -  
            the highly-trained and highly-talented women and men who  
            record the scores for movies and television shows - are being  
            left behind. Increasingly, recording work is being offshored  
            mostly to Eastern Europe and London-where musicians are paid  








                                                                    AB 1199


                                                                    Page  4





            far below the industry standard. Loss of jobs and wages in  
            California is evident as, the wages for musicians totaled $22  
            million in 2003 and just ten years later, the total was almost  
            half, at $11.7 million. 


            "AB 1199's provisions, although they are small technical  
            changes, provide the necessary economic incentive to retain  
            and attract music back to California. As an example, the cost  
            to production companies of employing recording musicians at  
            the top industry standard is equivalent to 0.36% to 0.52% of a  
            typical film's production budget. By offshoring this work,  
            production companies save less than one-quarter of one percent  
            of the film's production budget-or $143,000 on a typical $65  
            million film - yet workers and the community lose $1.2  
            million."


            Supporters such as the Society of Composers and Lyricists add,  
            "AB 1199 introduces language that would for the first time  
            require a specific amount of the total expenditures relating  
            to music post-production be done in California in order for a  
            production to qualify for an added rebate."


            According to information provided by the bill's sponsors,  
            "Music jobs create more than just a livelihood for thousands  
            of professional musicians in California. Musicians who perform  
            on film and TV soundtracks are the same gifted artists who  
            perform in theaters, on stages, in clubs, in schools and  
            public spaces throughout our state, and provide a rich  
            cultural life that goes beyond their substantial economic  
            contribution. The same performers teach our children in  
            non-profits providing music instruction to children  
            underserved by arts curricula, and train young musicians in  
            our colleges and universities. The financial and cultural  
            wealth of our region is deeply threatened by the dramatic loss  
            of film and television music scoring documented in the  
            comprehensive LAANE report "Keeping the Score".  








                                                                    AB 1199


                                                                    Page  5










            "Musicians have stood shoulder to shoulder with our labor  
            alliance since the late 1990's, helping to pass each  
            generation of film/TV tax credits. We have helped create  
            language, lobby, strategize and worked hard for our labor  
            colleagues - yet no jobs have been created for us. In the  
            years leading up to AB 1839, not one music job was created by  
            California tax credits. Unfortunately, we have documented  
            music jobs running away even for projects that received  
            production tax dollars here. It is saddening to see companies  
            taking California tax dollars and then taking our music jobs  
            overseas.





            "AB 1839 will not work for us. Here's why: Most of our film  
            employment is for independent productions - yet they are not  
            allowed to access the 5% uplift for music scoring. Most of the  
            major studio production would already be required to score  
            here. The TV and pilot production that is the focus of so much  
            of the incentive program provides a much smaller part of  
            musicians employment. Unlike actors, writers, directors,  
            grips, engineers and others, episodic television provides a  
            small part of the employment available for musicians.





            "Here's what will work for California: Setting aside a tiny  
            percentage for music scoring post-production will create an  
            outsize number of jobs, wages, health and pension benefits,  
            and state revenues. A mere 1% tax credit for music scoring  








                                                                    AB 1199


                                                                    Page  6





            would generate 12 million dollars in immediate wages, as well  
            as health and pension benefits and an even greater amount of  
            taxable residuals paid over time. Since most films available  
            for music scoring will be produced outside California, this  
            allows us to capture jobs that would otherwise be lost to  
            Californians. Our music scoring infrastructure will, with this  
            program, bring music scoring from projects filmed in Georgia,  
            North Carolina, New York, the U.K. and all over the world.  
            Just one significant film like the "Hunger Games: Catching  
            Fire", with a music budget of around $800,000, is estimated to  
            bring in 2.3 million dollars to California regional benefit.  
            The revenues raised by capturing such a project with an  
            incentive would represent an outsize value for California."





            They add, "London is just in the process of raising their  
            post-production carve-out to 30% - and it has worked for them,  
            as they take music jobs away from California. New York  
            upgraded their separate post-production carve-out from 7 to 25  
            million dollars in 2015, and it is paying dividends for New  
            Yorkers - at our expense."





          2)Background: California Film Production Tax Program.


            Last year the legislature adopted a revised and expanded  
            set of film production tax credits with the passage of AB  
            1839 (Gatto/Bocanegra), Chapter 413, Statutes of 2014.  
            That measure contained many changes in both the scope and  
            structure of the film tax credit program. 

             a)  The original structure for the film tax credit program.  








                                                                    AB 1199


                                                                    Page  7





               In 2009, the Legislature approved, and Governor  
               Schwarzenegger signed, the California Film & Television Tax  
               Credit Program (Film Tax Credit Program) as a part of the  
               2009 Budget plan to promote film production and to create  
               and retain jobs in California [SB 15 X3 (Calderon), Chapter  
               17, Statutes of 2009-10 Third Extraordinary Session, and AB  
               15 X3 (Krekorian), Chapter 10, Statutes of 2009-10 Third  
               Extraordinary Session].



               The California Film Commission (CFC) allocates $100 million  
               in credits for qualified production expenditures annually -  
               $10 million of which is set aside for qualified production  
               expenditures incurred by independent films.  Qualified  
               taxpayers are allowed a credit against income and/or sales  
               and use taxes, based upon qualified expenditures.  Credits  
               are not refundable and only tax credits that are issues to  
               an "independent film" are transferrable to an unrelated  
               party. 


               Qualified expenditures are costs that must be incurred in  
               the State of California. They include crew and staff  
               salaries, wages and benefits (not including wages and  
               benefits paid to writers, directors, music  
               directors/composers/producers, and actors), cost of rental  
               facilities and equipment, and costs such as lodging, food,  
               wardrobe and construction. 


               To apply for the California Film and Television Incentive  
               Program, a "qualified motion picture" must be one of the  
               following:


               i)      Eligible for 20% Tax Credit -










                                                                    AB 1199


                                                                    Page  8





             
                     A feature film with a production budget of no less  
                 than $1 million and not more than $75 million.

                     A movie of the week or miniseries with a production  
                 budget of no less than $500,000.



                     A new television series licensed for original  
                 distribution on basic cable with a production budget of  
                 $1 million minimum and with a running time of no less  
                 than 60 minutes (including commercials).



               ii) Eligible for 25% Tax Credit -


                     A television series, without regard to episode  
                 length or media distribution outlet (basic cable, premium  
                 cable, or network broadcast), that filmed all of its  
                 prior seasons outside of California and that chooses to  
                 relocate to California.

                     An "independent film" (with a production budget of  
                 at least $1 million and a maximum qualified expenditures  
                 budget of $10 million; must be produced by a company that  
                 is not publicly traded and that publicly traded companies  
                 do not own more than 25% of the producing company).



               The film must also have 75% of its production days take  
               place in or total production budget spent in California. 


               In an effort to ensure fairness, the oversubscribed program  
               is operated in a lottery manner. Applications for tax  








                                                                    AB 1199


                                                                    Page  9





               credits are due to the CFC at the beginning of June, and  
               the CFC holds a drawing at the end of the month to select  
               the films that will be issued credits. The number of  
               applicants for credits far exceeds the available funds for  
               credits:  in 2012, only 27 projects out of the 322  
               applicants that applied were selected.


               After the applications for credits have been received and  
               the "qualified motion pictures" have been selected for the  
               available credits, the CFC issues a credit allocation  
               letter reserving an amount of tax credits to an applicant  
               based upon projected qualified expenditures. If a project  
               is approved for a credit, the project must shoot within 6  
               months and be completed within 30 months from the date that  
               the application was approved.


               Upon completion of the project, and before the Tax Credit  
               Certificate is issued, the applicant must provide to the  
               CFC several documents, including a list of qualified  
               expenditures that has been reviewed by a trained CPA. The  
               CFC reviews the documents with the applicant to determine  
               if all criteria has been met, at which time the CFC will  
               issue the credit certificate. The credit allows the  
               taxpayer to claim the credit on their filed tax return with  
               the Franchise Tax Board under the personal income tax or  
               the corporate tax law.


             b)   AB 1839 restructured and increased funding for the film  
               tax credit program. One of the biggest changes to the film  
               tax credit program introduced with AB 1839 was the tripling  
               of the annual budget available for tax credits, from $100  
               million to $330 million dollars. In addition to the  
               increased amount available for credits, the allocation  
               system changed from a once a year lottery system, to a  
               competitive system based upon a formula using the ratio of  
               jobs projected to be created and the amount of funding  








                                                                    AB 1199


                                                                    Page  10





               requested. The allocations are now to be made twice a year.  
               A summary of the major programmatic changes includes:





               AB 1839 expanded and amended the tax credit for qualified  
               expenditures for the production of qualified motion  
               pictures in California for taxable years beginning on or  
               after January 1, 2016, and authorized the CFC to administer  
               the program and allocate the tax credits, subject to a $230  
               million cap in the first year (2015-16) and $330 million  
               aggregate annual cap for each fiscal year (FY) from the  
               2016-17 FY through and including the 2019-20 FY. Note that  
               when the $230 million was added to the $100 million  
               provided in existing law for the 2015-16 FY, the available  
               funds for all future years under the bill was $330 million.  
               In addition, the measure:


               i)     Requires the CFC to allocate the credit amounts  
                 subject to specified categories in order to insure like  
                 productions compete against each other under the jobs  
                 ratio formula outlined in the bill.



               ii)    Requires applicants to include a statement which  
                 declares that the tax credit is a significant factor in  
                 the applicant's choice of location for the qualified  
                 motion picture.



               iii)   Changes the definition of relocating series, to one  
                 which has a minimum production budget of at least $1  
                 million per episode.









                                                                    AB 1199


                                                                    Page  11







               iv)    Allows ongoing series to become eligible for the  
                 film tax credits.

               v)     Ensures any television series, relocating television  
                 series, or any new television series based on a pilot  
                 that was issued a credit a place at the top of the queue  
                 for allocations for the life of that television series,  
                 as provided.



               vi)    Requires the CFC to audit final submissions for tax  
                 credits and compare the jobs ratio figures contained in  
                 original tax credit applications to those actual  
                 qualified expenditures, and provides for discrepancies to  
                 be addressed.



               vii)   Requires that on or before July 1, 2019, the  
                 Legislative Analyst's Office (LAO) shall provide to the  
                 Assembly Revenue and Taxation Committee, the Senate  
                 Governance and Finance Committee, and the public a report  
                 evaluating the economic effects and administration of the  
                 tax credits allowed, as provided.



            Additionally, as pointed out by the author, "in efforts to  
            promote optimal returns to our investment and prevent runaway  
            production in various sectors of the industry, the tax credit  
            program provides an additional 5% credit for the following  
            expenditures:


                     Out-of-Zone filming- expenditures relating to  
                 original photography and incurred outside the Los Angeles  








                                                                    AB 1199


                                                                    Page  12





                 Zone.
                     Visual Effects (VFX) - To qualify, visual effects  
                 work must represent at least 75% of the VFX budget or a  
                 minimum of $10 million in qualified VFX expenditures  
                 incurred in California.


                     Music Scoring and music track recording -  
                 expenditures relating to music scoring and track  
                 recoding. In comparison to qualified VFX expenditures  
                 there are no similar minimum thresholds."


          1)Long history of Legislative and Oversight Hearings of Arts,  
            Entertainment, Sports, Tourism & Internet Media (AEST&IM) and  
            Revenue & Taxation Committees supports film production tax  
            credit program. The issue of film production tax credits has  
            come before this committee many times, in many years, in many  
            versions. (Please see Comment 7 below). The Committee has also  
            studied this issue extensively, both alone and with the  
            Committee on Revenue and Taxation. 



            On March 21, 2011, a Joint Oversight Hearing of the Assembly  
            AEST&IM and the Assembly Revenue and Taxation Committees was  
            held on, "California's Film Credit Under the Spotlight:  A  
            Review of the Film and Television Tax Credit Program."  This  
            was followed by the Revenue and Taxation Committee Oversight  
            Hearing on "Assessing Tax Expenditure Programs in Light of  
            California's Fiscal Challenges" on February 22, 2012, where  
            the Film Tax Credit was again analyzed. On October 9, 2013,  
            yet another Joint Oversight Hearing of the Assembly AEST&IM  
            and the Assembly Revenue and Taxation Committees was held,  
            entitled "A Review of the California Film Tax Program." The  
            topics of discussion in the many hearings followed the same  
            general themes. Below is a capsule of some of the findings  
            which came from these many reviews of the Film Tax Credit  
            Program.








                                                                    AB 1199


                                                                    Page  13










             a)   Run-away Production. From the 2011 Joint Informational  
               Hearing:  At the state level, "run-away productions" are  
               film or television productions that are developed for  
               initial exhibition or broadcast in California, but that are  
               actually filmed in another state or country in order to  
               achieve lower production costs. 



               A number of other states (forty two at last count) have  
               adopted or are adopting measures, including tax credits, to  
               attract film production. Various entities (state & local  
               governments, non-profits, labor unions and the film  
               industry, among others) indicate that tax credits and other  
               incentives to produce films outside California have  
               resulted in film production moving out of California and  
               into other states and countries. 


               According to the Los Angeles Economic Development  
               Commission (LAEDC): 


               "Most people think of film production running away to  
               Canada, though Europe was a quite popular destination for a  
               while (and Romania is currently). However, run-away  
               production to other states has become a more significant  
               challenge to California's film industry. This trend impacts  
               not only production activities in the Los Angeles area, but  
               film commissions around the state that have also been  
               facing this competition. LAEDC tracked the location of  
               major photography on feature film production from (2003 to  
               2005).  Two things stood out from this informal survey.  
               One, when productions leave California, the major studios  








                                                                    AB 1199


                                                                    Page  14





               still tend to go offshore rather than to other states. In  
                 many cases, these decisions are due to story  
               considerations, but the financial benefits are still  
               important components of the decision. 


               "The second trend is that independent producers are  
               increasingly going elsewhere in the U.S. Other states have  
               been busy offering new incentives or increasing the level  
               of existing incentives for filming in their jurisdictions.  
               More worrisome are the efforts to develop production  
               facilities to lure more of the production process. For  
               example, in New Mexico, there are plans to build a $60  
               million film, TV, and digital media production facility in  
               Albuquerque. New York is working on a studio complex. 


               "LAEDC conducted research for the CFC on the job and state  
               tax revenue implications of run-away production. On a  
               "mid-budget" film ($17 million), 304 direct and indirect  
               jobs were created and $1.2 million state sales and income  
               taxes were generated. For a "large budget" film ($70  
               million), 928 direct and indirect jobs were created, while  
               $10.6 million in state taxes were generated. These were  
               conservative estimates." 


               According to the CFC, "In 2003, 66% of studio feature films  
               were filmed in California. In 2009, only 38% of studio  
               films were filmed in state. San Francisco film and TV  
               production employment dropped 43% between 2001 and 2006. 


               "The Los Angeles region experienced a steady decline in  
               feature film production days in 11 out of the last 13  
               years. However, Film L.A., the permitting agency for Los  
               Angeles, reported that in 2010, feature film production  
               posted a 28.1% fourth quarter gain and a year-over-year  
               gain of 8.1%.  "The annual increase can be wholly  








                                                                    AB 1199


                                                                    Page  15





               attributed to California's Film and Television Tax Credit.  
               The Program attracted dozens of new feature film projects  
               to Los Angeles, which were responsible for 26% of local  
               feature production for the year.  Were it not for these  
               projects, 2010 would have been the worst year on record,"  
               reported Film L.A. in their Jan. 11, 2011 release. These  
               numbers are an excellent early indicator that the incentive  
               program is having an immediate impact on production levels 


             b)   Testimony Presented to the Committees by the CFC  
               Included the Following Information on the Economic Impacts  
               of the (then) Current Film Tax Credit Program. At the time  
               of hearing, $600 million in tax credits had been allocated  
               (reserved) resulting in:  Total aggregate direct spending  
               by Program projects:  $4.7 billion Total wages paid / to be  
               paid by Program projects: $1.48 billion.


               In addition to the economic figures above, the CFC  
               presented testimony at the 2011 Joint Informational  
               Hearing, which included the following testimony about the  
               motion picture industry's general contribution to the  
               state's economy, "The motion picture industry is an  
               essential source of economic activity, tax revenue, jobs  
               and tourism for California contributing $38 billion dollars  
               annually to our state's economy and supporting nearly  
               250,000 well-paying direct jobs - with health benefits. 


               "For instance:  An average $70 million dollar feature film  
               generates $10.6 million in state sales and income taxes.  
               The average daily shooting costs on a feature film or TV  
               series range from $100,000 to $250,000 per day. (That's  
               actual dollars that each production spends on groceries,  
               hotel rooms, gas, building supplies, props and payroll). A  
               typical film shooting outside of Los Angeles County will  
               spend on average $50,000 per day in a local community. The  
               average salary for production employees is $75,000, well  








                                                                    AB 1199


                                                                    Page  16





               above the national average."


             c)   California Research Bureau (CRB) Data Demonstrates That  
               Loss of Feature Film Productions Drove Down Wages, Even  
               Though Production Days of Other Categories (Such as Reality  
               Television) Increased. As background material for the 2011  
               Joint Oversight Hearing, and in support of their testimony,  
               the CRB prepared a briefing packet that updated some basic  
               data on employment, wages, and production in California's  
               movie and video production industry; surveyed state Movie  
               Production Incentive (MPI) programs nation-wide; and  
               surveyed the scholarly and official state literatures on  
               the operation and effects of MPIs. 


               The CRB researchers offered their report with the caveat  
               that time and staffing constraints limited the  
               comprehensiveness of our response. The following is  
               excerpted from that document:  "The industry as a whole  
               showed modest growth over the first half of the decade  
               through 2004, a flat trend through 2007, declined in  
               2008-9, followed by a sharp recovery in 2010. In California  
               outside of Los Angeles County, the industry peaked in 2002,  
               showed slow employment declines through 2007, and then  
               rebounded in 2008-9. 


               "However, employment growth in Los Angeles County was  
               coupled with relative and absolute declines in average  
               industry wages. Los Angeles County movie industry employees  
               earned, on average, 27 percent more per month in 2000 than  
               their non-L.A. counterparts ($4,279 - or $5,349 in 2009  
               dollars, vs. $3,370 - $4,213 in 2009 dollars). In 2009, the  
               average L.A. County industry employee earned 13 percent  
               less per month than his non-L.A. counterpart ($3,754 vs.  
               $4,232). Thus, in real terms, the L.A. average has dropped  
               30 percent, declining almost every year, whereas the  
               non-L.A. County average grew by a scant 0.45 percent for  








                                                                    AB 1199


                                                                    Page  17





               the decade. 


               "Further, according to this data, feature film production  
               has declined since the beginning of the 2000s both in  
               absolute terms as well as in relative terms. Television,  
               which accounted for 23 percent at the start of the decade,  
               now takes more than 40 percent of the total production  
               days."


             d)  Most recent analysis Progress Report, Film and Television  
               Tax Credit Program & Competition for California's  
               Entertainment Industry, July 2013, shows film tax credit  
               program is working.


               The most recent 2013 CFC progress report shows that,  
               including the 2013 year's conditionally allocated tax  
               credits, approximately $600 million in tax credits has been  
               allocated (reserved) to eligible film and TV projects,  
               resulting in estimated total aggregate direct spending by  
               the program projects of $4.75 billion and estimated total  
               qualified wages paid (or to be paid) by the projects of  
               $1.48 billion. According to the CFC, each $100 million in  
               tax credit allocations allows an average of 45 projects to  
               participate, generating on average $792 million in direct  
               production spending, including $250 million in payroll for  
               below-the-line workers. Furthermore, for every $100 million  
               in tax credits, productions will hire an estimated 8,500  
               cast and crew members and utilize 10,000 vendors.  
               Collectively, they will also employ more than 67,000 daily  
               hires as extras. All in all, the report concludes that the  
               existing film tax credit program has succeeded in  
               attracting the target group:  basic cable TV series,  
               mid-sized feature films and made-for-TV movies.


          2)Recent Private Studies Support but Recommend Improvement of  








                                                                    AB 1199


                                                                    Page  18





            the Film Tax Credit Program. Private entities have also  
            studied the California Film Tax Credit Program, including a  
            UCLA report from the nonprofit think tank the Headway Project,  
            There's No Place Like Home Bringing Film & Television  
            Production Back to California, which verifies the positive  
            economic impact of California's Film & Television Tax Credit  
            Program, and makes suggested improvements. Key findings  
            include that there remains a very strong correlation between  
            tax credits and where film and TV producers go to shoot their  
            projects, and while tax credits are not the only factor in  
            deciding where a project should be shot, they appear to be the  
            most powerful. The authors of the study conclude that the  
            program "is creating jobs and is likely providing an immediate  
            economic benefit to the state."  




            FilmL.A. also released a recent study which found the impacts  
            of runaway production continue and will worsen without  
            expansion of the Film Tax Credit Program; see California Ranks  
            Fourth in Total Live Action Film Project, Job and Spending  
            Counts. "According to data provided to FilmL.A. by the  
            California Film Commission, from 2010-2013 a total of 77 film  
            projects applied for but were not awarded California state  
            film incentive and then went on to complete production. Most  
            of these projects fled the state; more than 66 percent (51  
            count) of these projects eventually filmed outside of  
            California in places were (sic) incentives were available?The  
            loss for the California economy exceeded $914 million." The  
            report concludes, "California's film and television tax credit  
            program is a good investment, but needs to be extended and  
            restructured to keep the entertainment industry from fleeing  
            the state."



            The Milken Institute also recently released a study which was  
            entitled, "A Hollywood Exit -What California Must Do to Remain  








                                                                    AB 1199


                                                                    Page  19





            Competitive in Entertainment - and Keep Jobs." In the study,  
            researchers confirmed that production flight has continued,  
            despite the presence of the California Film Tax Credit  
            Program. They also confirmed that California cannot win, and  
            should not attempt to win, an all-out tax incentive race to  
            enact the highest incentive program. Rather, Milken  
            researchers suggest that California build on its strengths of  
            being the established global leader in film production and  
            preserve its core employment base and infrastructure. In order  
            to do this, they make the following recommendations which  
            track closely with those of the other studies author's:
             a)   Reduce the uncertainty involved in the filmed production  
               credit. 

               i)     Increase funding:  Raise the total amount of  
                 available annual funds in the state's filmed production  
                 credit to a level that allows for the elimination of the  
                 annual lottery and for the awarding of credits on a  
                 rolling basis throughout the year rather than at one  
                 arbitrary point tied to the state's fiscal calendar. This  
                 level should be high enough to eliminate the need for the  
                 lottery but should also have a clear annual ceiling to  
                 avoid creating unpredictability for the state's general  
                 fund. The newly raised level of funding should also be  
                 divided into specific allocations to maximize the impact  
                 across the economy and allow for productions not eligible  
                 for the current incentives to be covered. 



               ii)    Remove sunset:  California legislators should  
                 eliminate the sunset date of film production incentives  
                 in favor of a periodic review process, similar to that  
                 used by New York, to allow the state to make adjustments  
                 to the total pool of money (based on economic conditions  
                 and competition) that will take effect after two years.  
                 By establishing certainty in the incentives as well as a  
                 review process that can make rational adjustments, the  
                 state would encourage studios and film companies to make  








                                                                    AB 1199


                                                                    Page  20





                 larger commitments to the local infrastructure and can  
                 avoid the pitfalls of sudden policy reversals seen in  
                 states such as Michigan. 



            b)   Ensure a smooth evaluation process. 


               Establish an application fee for productions over $3  
               million that will be dedicated to providing new employees  
               at the CFC who will handle the evaluation process. The fee  
               can be weighted to the size of the application, with a  
               minimum application fee for smaller productions scaled up  
               somewhat for larger productions. This funding would be  
               dedicated to the hiring of evaluation staff at the CFC and  
               could be diverted to the state general fund. 


            c)   Restructure the credit to align with television  
            schedules. 


               Dedicate a portion of the fund to hour-long dramatic  
               television, including miniseries, and ensure that network  
               television is explicitly included. Establish a rolling  
               allocation in order to align the fund availability with  
               television filming schedules, particularly in the period  
               when networks determine their fall schedules. Strongly  
               consider emphasizing new productions and eliminating the  
               provision for relocating ones, while continuing to offer  
               coverage to existing television shows as long as they are  
               renewed on a timely basis. In addition, a dedicated pool of  
               money separate from television funding should be  
               established for films, as well as movies of the week and  
               other non-recurring productions. 


            d)   Capture blockbuster productions. 








                                                                    AB 1199


                                                                    Page  21







               Movies with budgets over $75 million should become eligible  
               for filmed production incentives. Total credits for larger  
               productions can be capped to ensure that no one film takes  
               a disproportionate share. Big-budget films could remain  
               eligible for the incentives provided they spend a  
               to-be-determined minimum in the state. This will encourage  
               productions to shift a significant portion of high-value  
               filming to California, and by including visual effects as  
               recommended below, the state can more readily meet a  
               threshold for a total percent of the budget spent in the  
               state. 


            e)   Encourage production across the state.


               Productions outside the union-designated 30 Mile Zone  
               around Los Angeles suffer a clear cost disadvantage. These  
               projects are exposed to higher costs for on-location  
               filming or higher union travel rates. To mitigate this  
               expense, productions that film outside of the zone should  
               be eligible for an additional 5% credit. This has been  
               implemented to clearly positive effect in New York to  
               encourage productions outside the immediate vicinity of New  
               York City. This will stimulate productions in formerly busy  
               locations such as San Francisco and encourage scouting of  
               diverse locales throughout the entire state. 


            f)   Embrace digital effects and innovation. 


               i)     Digital visual effects and animation expenditures  
                 should be made explicitly eligible for filmed production  
                 incentives at the 20% rate. This would offset a cost  
                 disadvantage faced by local visual effects companies -  
                 particularly those in the San Francisco Bay area that do  








                                                                    AB 1199


                                                                    Page  22





                 not qualify for the current incentives - and encourage  
                 additional expenditures in the state. 



               ii)    Establish a digital infrastructure investment credit  
                 that is part of the state's research and development tax  
                 credit rather than the filmed production incentive. As  
                 California works to encourage investment in the filmed  
                 production infrastructure, it can also provide a research  
                 and development credit to production.

          3)Committee comments: 

             a)   New expanded provisions of law have yet to be  
               implemented.

               As mentioned in Comment 2 above, the California film  
               tax credit program was recently recast and  
               restructured to include more money for the program  
               overall and an express bump in the 20% credit allowed  
               for qualified expenditures of an additional 5% for  
               musical scoring and editing. The impact of this  
               expansion has yet to be implemented and therefore the  
               committee wonders whether the provisions adopted in AB  
               1839 should be given the opportunity to be implemented  
               and the effects considered in the forthcoming studies  
               on the efficacy of the film tax credit program.

               It should be noted that the 20% of qualified  
               expenditures under AB 1839 includes post-production,  
               which is defined as including to mean the final  
               activities in a qualified motion picture's production,  
               including editing, foley recording, automatic dialogue  
               replacement, sound editing, scoring, music track  
               recording by musicians and music editing, beginning  
               and end credits, negative cutting, negative processing  
               and duplication, the addition of sound and visual  
               effects, sound mixing, film-to-tape transfers,  








                                                                    AB 1199


                                                                    Page  23





               encoding, and color correction (emphasis added).

             b)   Changes proposed by AB 1199 may not address  
               concerns of musicians.

               As noted above, films may qualify for the California  
               Film Tax Credit Program and get a 20% credit against  
               expenses if 75% of the overall expenditures of a film  
               are incurred in California or if 75% of total shooting  
               days occur in state. Under existing law, all  
               qualifying music costs are eligible to receive the 5%  
               additional credit (over and above the 20%) regardless  
               of total music costs. 


               AB 1199 seeks to change this, to expressly provide  
               that in order to get the 5% additional credit for  
               music services, as defined in the bill, at least 75%  
               or a minimum of one hundred thousand dollars  
               ($100,000) of the total expenditures for the music  
               preparation, music scoring, music track recording, and  
               music editing is paid or incurred in California.  
               Supporters claim that this change is needed, because  
               under the current formulation, a film may qualify for  
               20% tax credits in California by reaching the 75% of  
               qualifying expenses through filming and other post  
               production activities, yet score their film in New  
               York and collect that state's 35% tax credit for  
               musical scoring.


               However, by drafting the language to make all music  
               credits subject to the 75% in-state rule, the bill may  
               inadvertently incentivize producers to move all music  
               work out of state, and it does not contain any  
               language to prohibit film makers from engaging in the  
               double dipping of music and scoring of tax credits  
               from multiple states that the bill seeks to prevent.  
               Under AB 1199, a film may still qualify for the 20%  








                                                                    AB 1199


                                                                    Page  24





               tax credit in California, and take their music scoring  
               and editing to another state, but now the same film  
               makers will not be able to claim the California  
               musicians for their overall tax credit, and thus will  
               not be incentivized to use any California musicians.


           4)Double Referral  :  Should this bill pass out of this  
            committee, it will be re-referred to the Assembly  
            Committee on Revenue and Taxation.

           5)Prior Legislation  :   

             a)   AB 2700 (Nazarian), of 2014, would have created a new  
               tax credit to be allocated by the California Film  
               Commission, beginning on and after July 1, 2015 through  
               July 1, 2020, in an amount equal to 25% for qualified post  
               production costs, as defined, for qualified motion  
               pictures. Held in Assembly Appropriation Committee.

             b)   AB 1839 (Gatto/Bocanegra), Chapter 413, Statutes of  
               2014, created a tax credit for qualified expenditures for  
               the production of qualified motion pictures in California  
               for taxable years beginning on or after January 1, 2016,  
               and authorizes the California Film Commission to administer  
               the program and allocate the tax credits, subject to a $230  
               million cap in the first year (2015-16) and $330 million  
               aggregate annual cap for each fiscal year from the 2016-17  
               FY through and including the 2019-20 FY.

             c)   AB 1780 (Donnelly), of 2013-14, would remove the sunset  
               and extend the Film Production Tax Credits, as defined in  
               the bill, indefinitely. AB 1780 was held in this committee.  


             d)   AB 1435 (Gatto), of 2013-14, would have removed the  
               sunset provisions, thus extending the credit indefinitely,  
               revise the limit on the aggregate amount of credits that  
               may be allocated in a fiscal year, revise how the credit  








                                                                    AB 1199


                                                                    Page  25





               amount is determined for specified qualified motion  
               pictures, provide that credit amount for television series  
               shall be 20% of qualified expenditures, provide that the  
               credit amounts may be increased based on specified  
               criteria, for a television series and for specified  
               productions that perform postproduction in the state. AB  
               1435 was held in this committee.

             e)   AB 1189 (Nazarian), of 2013-14, would have extended for  
               five years the requirement that the CFC annually allocate  
               tax credits to qualifying motion pictures, as specified,  
                          through the 2021-22 fiscal year and would also extend and  
               increase the limit on the aggregate amount of credits that  
               may be allocated through the 2021-22 fiscal year. AB 1189  
               was returned to the Chief Clerk pursuant to Joint Rule 56.

             f)   AB 286 (Nazarian), of 2013-14, would have expanded the  
               definition of qualified motion pictures under the film tax  
               program by removing the cap on the production budget for  
               feature films and would limit the amount of qualified  
               expenditures to $75 million. This bill additionally would  
               have revised the amount of credits allocated by the CFC per  
               fiscal year for a qualifying television series, as  
               specified, to provide that the minimum production budget  
               threshold is met by allowing aggregation of two fiscal  
               years expenditures. AB 286 was returned to the Chief Clerk  
               pursuant to Joint Rule 56.

             g)   AB 2026 (Fuentes), Chapter 841, Statutes of 2012,  
               extended the film production tax credit program for two  
               years, until 2017, under terms which are substantially  
               similar to the measure under current consideration.



             h)   SB 1197 (Ron Calderon), Chapter 840, Statutes of 2012,  
               extended the film production tax credit program for one  
               year, until 2015, under terms which are substantially  
               similar to the measure under current consideration.  








                                                                    AB 1199


                                                                    Page  26





               Chaptered out by AB 2026 (above).



             i)   AB 1069 (Fuentes), Chapter 731, Statutes of 2011,  
               extended the film production tax credit program for one  
               year, until 2015, under terms which are substantially  
               similar to the measure under current consideration.



             j)   SB 1197 (Calderon), of 2009-10, deleted the fiscal year  
               limitation on the existing film production tax credit. SB  
               1197 was held in Senate Revenue & Taxation Committee  
               without a hearing.



             aa)  SB 55 X8 (Calderon), of the Eighth Extraordinary Session  
               of 2009-10 deleted the fiscal year limitation in the  
               existing production tax credit. SB 55 X8 was held in Senate  
               Rules Committee without a hearing.



             bb)  AB15 X3 (Krekorian), Chapter 10, Statutes of the 2009-10  
               Third Extraordinary Session,  established a five year $500M  
               tax credit for qualified expenditures on qualified  
               productions. Limited allocations to $100M/year.  



             cc)  AB 855 (Krekorian), of 2009-10, established a film  
               production tax credit. AB 855 was held at the Assembly  
               Desk.

             dd)  AB 1696 (Bass), of 2007-08, established a financial  
               assistance program within the CFC to encourage filming  
               motion pictures and commercials in California and requires  








                                                                    AB 1199


                                                                    Page  27





               the Business, Transportation & Housing Agency to report the  
               economic impact of this program by December 2011. AB 1696  
               failed passage on the Senate Floor.



             ee)  SB 359 (Runner), of 2007-08, mega tax credit bill which  
               included motion picture production credit. Part of State  
               Budget negotiations. Created a credit for a percentage of  
               the wages paid of amounts paid to purchase or lease  
               tangible personal property in conjunction with the  
               production of a qualified motion picture. The credit is  
               certified and allocated by the CFC. The bill also allows  
               the credit to be claimed against the sales and use tax  
               liability of the company in lieu of the franchise or income  
               tax liability. Finally, the bill allows the credit to be  
               carried over until exhausted. SB 359 was held in the Senate  
               Revenue and Taxation Committee.



             ff)  AB 832 (Bass), of 2007-08, created unfunded grant  
               program administered by the CFC to encourage filming motion  
               pictures and commercials in California. AB 832 was held on  
               the Assembly Appropriations Committee Suspense File.

             gg)  SB 740 (Calderon), of 2007-08, created a film production  
               credit equal to 100% of the direct revenues attributable to  
               the production or 125% of the revenues of the productions  
               in a TV series that relocated to California or an  
               independent film as defined. SB 740 was held in Senate  
               Revenue & Taxation Committee without a hearing.



             hh)  AB 777 (Nunez), of 2005-06, authorized qualified motion  
               picture tax credit in an amount equal to 12% of the  
               qualified production for qualified wages paid with an  
               additional 3% for qualified motion pictures.  Created  








                                                                    AB 1199


                                                                    Page  28





               refundable credit. AB 777 was held in Senate Revenue &  
               Taxation Committee without a hearing.



             ii)  SB 58 (Murray), of 2005-06, granted a refundable income  
               or corporation tax credit equal to 15% of the amount of  
               qualified wages paid and qualified property purchased in  
               the production of a qualified motion picture. SB 58 was  
               held in Senate Revenue & Taxation Committee.



             jj)  AB 261 (Koretz), of 2005-06, re-established funding for  
               the Film California First Program. AB 261 was a gut and  
               amend out in the Assembly Rules Committee and became a  
               transportation bill.



             aaa) AB 1830 (Cohn), of 2003-04, authorized tax credits  
               between 2006 and 2012 in an amount equal to 15% of  
               qualified wages paid or incurred for services performed,  
               with respect to the production of each qualified motion  
               picture. AB 1830 was held in this Committee without a  
               hearing.



             bbb) AB 1277 (Cohn), Chapter 662, Statutes of 2003,  
               transferred administrative authority over the CFC to the  
               Business, Transportation & Housing Agency. This bill also  
               created the Film California First Fund, administered by the  
               CFC, which provided for reimbursements to local governments  
               for their costs in issuing permits for local filming of  
               motion pictures. In the last two state budget cycles, no  
               General Fund monies have been appropriated to operate this  
               program.  









                                                                    AB 1199


                                                                    Page  29







             ccc) AB 2410 (Frommer), Chapter 1042, Statutes of 2002,  
               required the CFC to report annually the number of motion  
               picture starts that occurred within the State of  
               California. The bill also required EDD to research and  
               maintain data on film industry employment, to determine the  
               economic impact of the film industry, to monitor film  
               industry employment and activity and competing states and  
               countries, to examine the ethnic diversity and  
               representation of minorities in the entertainment industry,  
               to review the effect of federal, state and local laws on  
               the filmed entertainment industry and to report that  
               information to the legislature biannually, provided that  
               funds are appropriated by the legislature in the annual  
               Budget Act for these purposes.  



             ddd) AB 2747 (Wesson), of 2001-02, provided a tax incentive  
               to produce motion pictures within California. Would offer  
               tax credits to productions with a total cost of qualified  
               wages between $200,000 and $10 million for 15-25% of wages  
               paid to qualified individuals during the taxable year with  
               respect to qualified motion picture production depending on  
               the area. For each motion picture, the maximum amount of  
               wages per qualified individual that could be taken into  
               account when computing the credit was $25,000. AB 2747  
               failed passage in the Senate Appropriations Committee.



             eee) SB 2061 (Schiff), Chapter 700, Statutes of 2000, created  
               the State Theatrical Arts Resources (STAR) partnership  
               which offers surplus State property to filmmakers, where  
               unused State properties, such as health facilities and  
               vacant office structures, are available at no charge or  
               "almost free" to filmmakers.  









                                                                    AB 1199


                                                                    Page  30







             fff) AB 358 (Wildman/Kuehl), of 1999-2000, provided a  
               refundable income and corporation tax credit for 10% of  
               eligible wages paid for motion pictures and TV programs  
               produced in California. AB 358 was held on the Senate  
               Appropriations Committee Suspense File.



             ggg) AB 484 (Kuehl), Chapter 699, Statutes of 1999, created  
               the Film California First program, housed at the California  
               Film Commission to reimburse certain film costs incurred by  
               a qualified production company when filming on public  
               property, but which is currently unfunded.
          


          REGISTERED SUPPORT / OPPOSITION:




          Support


          American Federation of Musicians, Local 47


          American Society of Music Arrangers and Composers


          Professional Musicians of California


          The Recording Academy


          The Society of Composers and Lyricists








                                                                    AB 1199


                                                                    Page  31







          United Food and Commercial Workers Union, Local 770




          Opposition


          There is no opposition on file.




          Analysis Prepared by:Dana Mitchell / A.,E.,S.,T., & I.M. / (916)  
          319-3450