The California Film & Television Tax Credit Program 2.0 Application Window is Now Open

As an overview, the California Film & TV Tax Credit Program 2.0 (hereinafter “CTCP 2.0”) provides tax credits based upon Qualified Production Activities (hereinafter “QPAs”) and Qualified Production Expenditures (hereinafter “QPEs”) that are produced in California.

The enhanced program enacted on September 18th of 2014 established a 5-year, $1.55 billion dollar program that commenced on July 1, 2015. It should be duly noted that $230 million dollars is available for the 2015/16 fiscal year; and $330 million is available for each of the subsequent four fiscal years through 2019/20. As a reminder, the California fiscal year is July 1 through June 30.

Tax credits under this enhanced program for QPAs and corresponding QPEs will now be allocated for each fiscal year according to the subsequent category percentages:

• New & Recurring TV Series; “Movie of the Week” or Miniseries; and / or TV Pilots – 40%

• Non-Independent Films – 35%

• Relocating TV Series – 20%

• Independent Films – 5%

The new on-line application portal is now open and accepting applications as of July 13th of 2015 at 8:00AM PDT and will remain open through July 25th of 2015 at midnight PDT for Independent Film projects and Non-Independent Feature Film projects only.

Applicants must first create an account at  and should prepare the materials set forth within the Application Checklist and follow the Budget Tagging Instructions in order to prepare their detailed budgets.

About the Author
Peter J. Scalise serves as the National Partner-in-Charge of the Federal Tax Credits and Incentives Practice at SAX CPAs LLP. Peter is a highly distinguished member of the Accounting Today Top 100 Influencers and has approximately thirty years of progressive Big 4 and Top 100 public accounting firm experience developing, managing, and leading large scale tax advisory practices on a regional, national, and global level.
Peter also serves as a passionate philanthropist and a member of several Boards of Directors and Boards of Advisors for local, regional, and national charities in connection with poverty and hunger alleviation; economic development; environmental conservation; health and social services; supporting veteran and military service personnel along with preserving arts and cultural programs.

Subscribe to TaxConnections Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.