BILL NUMBER: AB 855	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Krekorian

                        FEBRUARY 26, 2009

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 855, as introduced, Krekorian. Taxation: incentive program:
television and film production.
   The Personal Income Tax Law and the Corporation Tax Law authorize
various credits against the taxes imposed by those laws.
   This bill would declare the intent of the Legislature to enact
legislation that will create a tax incentive program that promotes a
robust economic environment for television and film production.
   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 will address the effects of the current economic
downturn on California entertainment industry businesses, which
employ thousands of workers and create millions of dollars of
economic activity, by creating a tax incentive program that promotes
a robust economic environment for television and film production.