Assembly Bill 1839, the California Film & Television Job Retention and Promotion Act
, was signed into law by Governor Brown on Sept. 18, 2014. The California Film Commission is currently developing regulations, program guidelines and other procedures to administer the newly expanded tax credit program.
Please check the CFC website
periodically for program updates.
The legislation creates a new five-year film and TV tax credit program beginning in fiscal year 2015/16 with expanded eligibility to include big-budget feature films, 1-hr TV series (for any distribution outlet) and TV pilots. Funding for the new program is $230 million in fiscal year 2015-16, and $330 million per fiscal year from 2016-17 through 2019-20. This legislation replaces the current lottery system for allocating tax credits with a jobs-based ranking system.
A detailed summary of the new Program is available here: AB 1839 Tax Credit Program Summary