Film & TV Tax Credit Program 2.0

Tax Credit Program 2.0

California Franchise Tax Board

The California Franchise Tax Board (FTB) recently updated information on the FTB website regarding transfer and utilization of tax credits for both Programs 1.0 and 2.0. Once the credit certificates are issued by the California Film Commission (CFC), taxpayers can use the old and new credit at the same time to reduce their income, franchise, or sales and use tax liabilities. Taxpayers are required to report allocation assignment, purchase, sale and application of credit against income/franchise tax with FTB or sales and use tax with the California Board of Equalization on FTB Form 3541, California Motion Picture and Television Production Credit.

For further questions regarding sale and assignment of the film and television tax credits in California, please visit the FTB Frequently Asked Questions page. 

FTB Form 100

Corporation will continue to use Form 100 while reporting their credit to offset tax liability. Program 1.0 applicants will use code 223 when utilizing credits against tax. Program 2.0 applicants will use code 237.

FTB Form 3551

Independent productions will continue to use FTB Form 3551 to report sale or transfer of film credit.

FTB Form 3451

Applicants will continue to report the credit on FTB Form 3541; separate forms are to be completed for old and new credit.

FTB Form 100

Corporation will continue to use Form 100 while reporting their credit to offset tax liability. Program 1.0 applicants will use code 223 when utilizing credits against tax. Program 2.0 applicants will use code 237.

FTB Form 3551

Independent productions will continue to use FTB Form 3551 to report sale or transfer of film credit.

FTB Form 3451

Applicants will continue to report the credit on FTB Form 3541; separate forms are to be completed for old and new credit.

California Film Commission
7080 Hollywood Blvd., Suite 900
Hollywood, CA 90028
Tel: 323.860.2960 | 800.858.4749
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California Film Commission
7080 Hollywood Blvd., Suite 900
Hollywood, CA 90028
Tel: 323.860.2960 | 800.858.4749
Email the CFC | About Us

Stay Informed! Sign Up:
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Production Alerts

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California Film Commission
7080 Hollywood Blvd., Suite 900
Hollywood, CA 90028
Tel: 323.860.2960 | 800.858.4749
Email the CFC | About Us

Stay Informed! Sign Up:
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Production Alerts

Follow Us!

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