CA SB871

Establishes new motion picture tax credits under Personal Income Tax Law and Corporation Tax Law for taxable years beginning January 1, 2020, allocated by California Film Commission from July 1, 2020 through July 1, 2025.

Credits equal 20-25% of qualified expenditures for motion picture production in California, with additional credits up to 5% for filming outside Los Angeles zone and visual effects work.

Allocates $330,000,000 annually in credits across categories: 4.8-3.2% for independent films, 35% for features, 17% for relocating TV series, and 40% for new TV series and miniseries.

Requires applicants to submit written anti-harassment policies and summaries of voluntary programs to increase minority and women representation in specified job classifications; Commission must publicly post aggregate diversity data annually.

Allows qualified taxpayers to elect to apply credits against state sales and use taxes instead of income taxes, and permits sale of credits for independent films to unrelated parties.