California Film & Television Tax Credit Program 2.0
The California Film Commission is in the process of re-adopting the emergency regulations for Tax Credit Program 2.0. The re-adoption provides the Film Commission with additional time to draft the permanent regulations which will thereafter be in effect for this program. To view the Emergency Regulations, click here.
Please review Program 2.0 regulations, guidelines, and other helpful documents for details on the Program. (See blue box on the left side of this page for links.)
January 11 - 24, 2016 Application Window: Independent Projects and Non-Independent Feature Films Only
Projects that rank in the top 200% will be notified on January 25, 2016 to submit Phase II documents.
February 15 - 21, 2016 Application Window:TV Series, Mini-series, MOWs, Pilots and Relocating TV series
Projects that rank in the top 200% will be notified on February 22, 2016 to submit Phase II documents.
Credit allocations will be issued after a 3 – 4 week review; principal photography may not begin prior to receiving a credit allocation.
KEY CHANGES FROM PRIOR PROGRAM
Increases tax credit program funding from $100 million to $330 million; extended for 5 years
Expands eligibility to big-budget feature films, 1-hr TV series (for any distribution outlet) and TV pilots
Eliminates budget caps for studio and independent films
Replaces lottery selection with a ranking system based on jobs and other criteria
Adds a 5% “Uplift” for productions that film outside the 30-Mile Zone, as well as for visual effects and music scoring/recording performed in-state.
ELIGIBLE FOR 20% NON-TRANSFERABLE TAX CREDIT (plus 5% Uplift*)
Feature Films: $1 million minimum budget; credit allocation applies only to the first $100 million in qualified expenditures.
Movies-of-the-Week and Miniseries: $500,000 minimum budget
New television Series for any distribution outlet; $1 million minimum budget per episode (at least 40 minutes per episode, scripted only)
TV Pilots: $1 million minimum budget (at least 40 minutes)
ELIGIBLE FOR 25% TRANSFERABLE TAX CREDIT (maximum credit is 25%, uplifts do not apply)
Independent Projects: $1 million minimum budget; credits apply only to the first $10 million of qualified expenditures. (Only independent projects may sell their tax credits.)
Relocating TV Series, any episode length, that filmed its most recent season outside California; $1 million minimum budget. (Additional seasons are eligible for 20%.)
5% CREDIT UPLIFT
The uplifts below cannot be combined. The maximum credit a production can earn is 25%.
Filming outside the Los Angeles 30-mile zone + 5%
Music Scoring and music track recording expenditures + 5%
Visual Effects expenditures (minimum spend required) + 5%
FISCAL YEAR DEDICATED FUNDING
New TV Series, TV Pilots, MOWs, Mini-Series, Renewed Series (already in the program): 40%
Independent Projects: 5%
Non-indie Feature Films: 35%
Relocating TV Series: 20%