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AI Summary
CA AB2403 proposes to add Sections 17053.98.5 and 23698.5 to the Revenue and Taxation Code, providing income tax credits for commercial production. Details are unknown without full bill text.
Business Impact
If you produce commercials in California, you must ensure human involvement in creative roles by 2027 or risk losing tax credits.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
Topics How we classify →
What This Means
Income tax: credits: commercial production. This bill introduces income tax credits under Sections 17053.98.5 and 23698.5. Eligibility and conditions are not confirmed due to the lack of full bill text. The bill takes effect immediately as a tax levy.
Key Provisions
- The bill proposes to add Sections 17053.98.5 and 23698.5 to the Revenue and Taxation Code, offering income tax credits for commercial production.
- The bill takes effect immediately as a tax levy.
- Specific provisions, eligibility criteria, and conditions are not confirmed due to the lack of full bill text.
- Specific details about the commercial production eligible for tax credits are not available in the provided bill text.
Latest Legislative Action
Re-referred to Com. on REV. & TAX.
Bill Sponsors (showing 5 of 21)
| Name | Role |
|---|---|
| Allen | Principal Coauthor |
| Audra Strickland | Author |
| Bennett | Author |
| Bigelow | Author |
| Bloom | Author |
Compliance Checklist
Ensure that commercials involve human creative roles and do not rely solely on AI.
Who: Qualified commercial production companies
Deadline: By January 1, 2027
Penalty: Loss of eligibility for tax credits
Who: Qualified commercial production companies
Deadline: By January 1, 2027
Penalty: Loss of eligibility for tax credits
Submit application for tax credits to the California Film Commission.
Who: Qualified commercial production companies
Deadline: Between January 1 and April 1 of the year following production
Penalty: Ineligibility for tax credits if not submitted
Who: Qualified commercial production companies
Deadline: Between January 1 and April 1 of the year following production
Penalty: Ineligibility for tax credits if not submitted
Full Legal Analysis
This bill proposes to add Sections 17053.98.5 and 23698.5 to the Revenue and Taxation Code, offering income tax credits for commercial production. The specific purpose, eligibility criteria, limitations, and conditions of these credits are not confirmed due to the lack of full bill text. The bill takes effect immediately as a tax levy. Specific details about the commercial production eligible for tax credits are not available in the provided bill text.
Official Source
Official Bill Text
View AB2403 on official legislature website →
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