CA SB878

Extends the deadline for the Legislative Analyst's Office to report on the effectiveness and administration of film tax credits from July 1, 2019 to January 1, 2023.

Modifies credit allocation procedures effective July 1, 2025 to allow the California Film Commission to reallocate previously allocated but uncertified credits and unused credit amounts from prior fiscal years.

Applies to qualified motion picture tax credits under Personal Income Tax Law (Sections 17053.98) and Corporation Tax Law (Section 23698) for taxable years beginning January 1, 2020 through fiscal year 2024-25.

Appropriates $5,000 from the General Fund to the California Film Commission for developing rules and regulations related to the film tax credit programs.

Takes effect immediately as a budget-related bill.