AB 2319: Personal Income Tax Law: Corporation Tax Law: credits: qualified motion picture: post-production.

The bill aims to introduce a new tax credit for postproduction expenses of a qualified motion picture in California, allowing for a credit between 35% and 50% of qualified expenses. The credit would be administered by the California Film Commission, similar to existing motion picture credits. A qualified taxpayer would be able to elect to be paid a refund if the credit exceeds their tax liability. The bill would require specific goals, purposes, and objectives, as well as detailed performance indicators and data collection requirements, to ensure the tax credit achieves its intended purpose. The bill would make an appropriation by requiring moneys to be paid from the tax relief and refund account.