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What is the legislative status in connection to California's bill to expand the funding of the California Film Tax Credit Program to more than $ 400 million a year?

Movie Production Incentives SALT Incentives
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Peter Scalise, SAX LLP
In May of 2014, the Assembly overwhelmingly approved a bill, AB 1839, sponsored by Assemblymen Mike Gatto (D-Los Angeles) and Raul Bocanegra (D-Pacoima) to expand California's Film Tax Credit Program.

The Senate Governance and Finance Committee previously gave its support of the bill on June 25 of 2014. The bill is currently scheduled to go before Senator De León's Senate Appropriations Committee the week of August 11th to further vet the bill and it is highly anticipated that the California Film Tax Credit Program will be both extended and expanded before the end of the 2014 calendar year.

To learn more about movie production incentives, please consult my published article entitled “Lights, Camera, Action And Tax Cut!” utilizing the subsequent link: http://taxconnections.com/taxblog/lights-camera-action-and-tax-cut/#.U6l_-Z3D-Uk

Please contact me directly with any further questions and thanks very kindly for submitting your inquiry.
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