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California’s First Film Tax Credit Program


Letter

[PDF] Letter to Senator Wolk on Evaluation of UCLA Film Credit Study

June 21, 2012 - Letter to Hon. Lois Wolk, Chair of Senate Governance and Finance Committee, providing an evaluation of the February 2012 report, "Economic and Production Impacts of the 2009 California Film and Television Tax Credit."

Brief

The 2023-24 Budget: California's Film Tax Credit

February 28, 2023 - This brief surveys research on the economic effects of state film tax credits and analyzes the Governor's proposal to extend California's film tax credit for five years.

Report

Film and Television Production: Overview of Motion Picture Industry and State Tax Credits

April 30, 2014 - This report provides background information on the motion picture industry and offers preliminary observations regarding the California film and television production tax credit. This report does not make recommendations regarding the tax credit or any proposed legislation. We highlight several factors for the Legislature to consider when reviewing the tax credit in our report.

Report

Evaluating State Economic Stimulus Proposals

February 1, 2021 - In this report, we offer the Legislature guidance on how to evaluate fiscal stimulus proposals. We pose six key questions to ask when assessing specific proposals and provide specific elements that can be incorporated into proposals to increase their potential effectiveness.

Report

[PDF] Community Development Financial Institution (CDFI) Tax Credit

June 30, 2016 - This report is in response to Chapter 608 of 2013 (AB 32, J. Pérez), which requires our office to evaluate the effectiveness of the tax credits allowed for qualified investments in community development financial institutions (CDFIs), with a focus on employment in low-to-moderate income and rural areas, and on the benefits of these tax credits to low-to-moderate income and rural persons.

Letter

AB32: Analysis of the Net Impact On California Jobs

March 4, 2010 - This responds to Senator Cogdill's request for an analysis of the net impact on jobs in California that would occur as a result of the implementation of AB 32 (Núñez), the Global Warming Solutions Act of 2006, Chapter 488, Statutes of 2006. In our response, we briefly summarize the basic provisions of AB 32 and its planned implementation through the California Air Resources Board’s (CARB’s) Scoping Plan (SP), discuss the avenues by which the SP would potentially affect California jobs, and present the jobs-related effects of the SP as estimated by CARB. We then comment on CARB’s analysis and offer our own view about how the SP might affect jobs.

Letter

AB32: Analysis of Two Studies by Varshney and Associates

March 9, 2010 - This responds to Assembly Member De León's request relating to California’s regulatory environment and AB 32 (Núñez), the Global Warming Solutions Act of 2006 (Chapter 488, Statutes of 2006). Specifically, you have asked that we analyze the methodologies, data, and reliability of the findings of two studies by Varshney and Associates. In our response, we summarize the methodologies and analyses contained in these two studies, discuss their findings, and provide our assessment of the analyses supporting their conclusions.

Report

[PDF] 2009-10 Budget Analysis Series: Revenues

February 6, 2009 - To assist the Legislature in resolving the 2009‑10 budget gap, we developed a list of proposals that would raise more than $5 billion in each of 2009‑10 and 2010‑11. Our proposed options include eliminating or modifying 12 tax expenditure programs for a savings of $1.7 billion over the next two years. In general, these recommendations are based on our conclusion that these programs lack a strong rationale or are not sufficiently effective or efficient in achieving their stated goals. We also identify two targeted rate increases—increasing the vehicle license fee (VLF) to 1 percent and a three-year temporary PIT surcharge—that, combined, would raise $3.4 billion in 2009‑10 and $3.5 billion in 2010‑11. These options could be considered by the Legislature in lieu of any of the Governor’s revenue-related proposals. We believe these proposals have merit, both for tax policy reasons (for example, the VLF increase would result in all property in California taxed at the same rate) and for reducing the net impact of any rate increases on taxpayers (as both the VLF and PIT are deductible for federal tax purposes).

Report

An Overview of California’s Research and Development Credit

November 30, 2003 - Economic theory suggests that without some form of subsidy, overall research and development (R&D) spending in society would be lower than the economically optimal level. A strong case can be made that such a subsidy is appropriate at the federal level. However, we are not aware of economic evidence which, on balance, justifies a state credit in addition to the federal credit.

Report

An Overview of California's Manufacturers' Investment Credit

October 30, 2002 - We review and assess the effectiveness and appropriateness of the Manufacturers’ Investment Credit.

Handout

[PDF] Informational Hearing on Tax Expenditures

February 27, 2008 - Presented to Senate Revenue and Taxation Committee

Post

The 2021-22 Spending Plan: Other Provisions

September 23, 2021 - This post discusses features of the state's spending plan that were not covered elsewhere in the 2021-22 Spending Plan series.