Proposition 55 on California’s November ballot would extend higher state income taxes first adopted in 2012 after the passage of Proposition 30. The higher tax rates apply as an extra 1 percent of tax on income above $...
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- California Extends Film Tax Credit Program by One Year
California Extends Film Tax Credit Program by One Year
In California, Governor Jerry Brown has signed a one year extension of the state’s film tax credit program, stretching the effective date all the way out to July 1, 2015. The recently signed Assembly Bill 1069 will allocate an additional $100 million to a program that already has $400 million committed to it.
Felipe Fuentes, the author of the bill commented, "By creating tens of thousands of jobs and pumping billions into our economy, the film and television tax credit program has truly been a statewide economic stimulus package."
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