AB 1377: Income taxes: credits: motion picture credit.

The bill aims to amend certain tax laws in California. It introduces changes to the motion picture credit, allowing taxpayers to claim a higher credit percentage if they submit a diversity workplan and meet its goals. The bill removes the "good faith effort" standard and instead requires the California Film Commission to determine if the taxpayer has met the diversity goals. The changes are intended to encourage greater diversity in the film industry. The bill requires approval from 2/3 of the legislature to take effect and imposes a higher tax on taxpayers, as per the California Constitution. The changes take effect immediately as a tax levy.