California AB1377 amends tax credit allocation for motion picture productions, emphasizing diversity and economic impact.

California AB1377 amends tax credit allocation for motion picture productions, emphasizing diversity and economic impact. It allows credits for qualified expenditures, with additional credits for diversity goals and original photography outside the Los Angeles zone. Credits are allocated based on jobs ratio, with adjustments if the ratio drops. The California Film Commission must provide an instructional guide to local jurisdictions and maintain a list of initiatives encouraging film production.

California AB1377 amends tax credit allocation for motion picture productions, emphasizing diversity and economic impact.

California AB1377 amends tax credit allocation for motion picture productions, emphasizing diversity and economic impact. It allows credits for qualified expenditures, with additional credits for diversity goals and original photography outside the Los Angeles zone. Credits are allocated based on jobs ratio, with adjustments if the ratio drops. The California Film Commission must provide an instructional guide to local jurisdictions and maintain a list of initiatives encouraging film production.