CA AB1442

Creates the "Share Our Values Tax Credit" for motion picture production in California for taxable years beginning January 1, 2020, allowing credits equal to 20-25% of qualified expenditures, allocated by the California Film Commission on or after July 1, 2020 through July 1, 2025.

Limits eligibility to qualified motion pictures that either relocated to California from states with abortion restrictions (8 weeks or earlier) or chose California over such states, requiring applicants to provide narratives describing how their production shares California's values regarding women's reproductive rights.

Reduces the aggregate annual credit allocation cap from $100,000,000 to $50,000,000 (plus carryover amounts) across fiscal years 2020-21 through 2024-25, distributed among independent films (4.8-3.2%), features (35%), relocating TV series (17%), and new TV series/pilots/miniseries (40%).

Requires applicants to comply with Career Readiness requirements, provide anti-harassment policies, report workforce diversity information, and disclose which states their parent company produced motion pictures in during the preceding year.

Allows excess credits to carry over up to nine taxable years and applies to both personal income taxes (Section 17053.99) and corporation taxes (Section 23699).