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HomeMy WebLinkAbout2011-05-10 - AGENDA REPORTS - STATE LEGISLATION AB 1069 AB 4 (2)Agenda Item: 5 CITY OF SANTA CLARITA AGENDA REPORT CONSENT CALENDAR City Manager Approval: Item to be presented by: . DATE: May 10, 2011 SUBJECT: STATE LEGISLATION DEPARTMENT: City Manager's Office RECOMMENDED ACTION P City Council adopt the recommendation of the City Council Legislative Committee and adopt a "support" position for Assembly Bill 1069 and an "oppose" position for Assembly Bill 438 and transmit position statements to the bills' authors, Santa Clarita legislative delegation, Members . of the Legislature and committee staff, Governor Brown and the League of California Cities. BACKGROUND On April 18, 2011, the City Council Legislative Committee met and considered two bills currently pending before the California Legislature, AB 1069 and AB 438. Assembly Bill 1069 (Fuentes) AB 1069 was introduced by Assembly Member Felipe Fuentes (D -39 -Sylmar) on February 18, 2011. The principal co-authors of the bill are Assembly Members Gatto, Hall, and Smyth. In February 2009, the California Film and Television Tax Credit Program was enacted as part of a targeted economic stimulus package to increase production spending, jobs and tax revenues in California. The program specifically targets productions that are most likely to leave the state due to incentives being offered in other states and countries. The California Film Commission (CFC) administers the current five year; $500 million program which provides tax credits (beginning in tax year 2011) to eligible film and TV productions that meet the program's criteria. One hundred million dollars is allocated by the Legislature annually beginning fiscal year 2009/2010 through fiscal year 2013/2014 for the film tax incentive program. Since 2009, just over 100 film projects have been approved for the program statewide. Twenty two of the approved credit project projects were filmed or are currently filming in the Santa Clarita Valley with 16 projects located in the City. Since the program began in July 2009, $300 million in tax credits have been allocated resulting in $2.2 billion in direct production spending in California. The tax credit is not available for commercial advertising, music videos, motion pictures for non -commercial use, news and public events programs, talk shows, game shows, reality programming, documentaries, and pornographic films. If enacted into law, AB 1069 would extend the California Film and Television Tax Credit Program by an additional five years from July 1, 2014 through June 30, 2019. This bill would also extend the existing authority to allocate $100 million per fiscal year through FY 2018-1.9. Assembly Bill 438 (Williams) AB 438 was introduced by Assembly Member Das Williams (D -35 -Santa Barbara) to require that the board of trustees, common council, or other legislative body of any city or the board of trustees of any library district may notify the county board of supervisors that the city or library district no longer desires to be a part of the county free library system, provided that a specified two week published notice is given. In addition, only in the situation whereby the withdrawing city's legislative body intend to contract library services through a private company, then voter approval would be required at a regularly scheduled election. The League of California Cities and many individual cities are opposing the measure based upon the extraordinary noticing and election referendum requirements for a specific administrative action of a City Council. The determination by a City Council regarding the operations of a library system and any associated contracting for services with a private company is well within the existing authority and established role of City Councils. The bill, if enacted, will have no impact on the City of Santa Clarita. The Legislative Committee is recommending that the City Council oppose the measure due, in part, to the precedent setting nature of requiring extraordinary noticing requirements and referendum of City Council actions related to library systems, while other similar administrative actions of the City Council do not have these same requirements. ALTERNATIVE ACTIONS 1. Take no position on AB 1069 and AB 438. 2. Other direction as determined by the City Council. FISCAL IMPACT No additional resources are required to implement the recommended action beyond those already contained within the adopted 2010/11 City budget. ATTACHMENTS Assembly Bill 1069 Assembly Bill 438 CALIFORNIA LEGISLATURE -2011-12 REGULAR SESSION ASSEMBLY BILL No. 1069 Introduced by Assembly Member Fuentes (Principal coauthors: Assembly Members Gatto, Hall, and Smyth) (Coauthors: Assembly Members Butler, Ma, and Portantino) February 18, 2011 An act to repeal and amend Sections 17053.85 and 23685 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. LEGISLATIVE COUNSEL'S DIGEST AB 1069, as introduced, Fuentes. Income taxes: credits: film: extension. The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by laws, including a credit against those taxes for taxable years beginning on or after January 1, 2011, in an amount equal to a specified percentage of the qualified expenditures, as defined, attributable to the production of a qualified motion picture in California, or, where the qualified motion picture has relocated to California or is an independent film, as provided. Existing law requires the California Film Commission to allocate the tax credits until July 1, 2014, and limits the aggregate amount of qualified motion pictures credits that may be allocated in any fiscal year to $100,000,000, through the 2013-14 fiscal year. This bill, under the Personal Income Tax Law andjhe Corporation Tax Law, would extend the California Film Commission's requirement to allocate the tax credits 5 additional years, until July 1, 2019. This bill would also extend the limit on the aggregate amount of credits that may be allocated through the 2018-19 fiscal year. 99 AB 1069 This bill would take effect immediately as a tax levy. Vote: majority. Appropriation: no. Fiscal committee: yes. State -mandated local program: no. The people of the State of California do enact as follows: SECTION•n 17053.85 of Revenue and Taxation Code,.•• • by • of .. 1 of • Extraordinary Sessionof of 11• is repealed. allowed4 17053.85. (a) (1) For taxable years beginning on or after 5 4anuary 1, 2011, there shall be qttalified taxpayer • o_ . 8 paragraph (4), of the qualified expenditures f;5r the prodtietion of. • 1 (2) The eredit sh-11 be -110wed for the taxable .:: -Malified : 13 the applieable pmentage of all qualified expenditures paid or qualified14 ineurred by the :: limitedyer in all taxable years for that 15 qualified motion pieture. 16 (3) The amount of the eredit allowed to a qualified taxpaye 17 shall be to the aniount • issued to the qualified taxpayer;. the Galifornia Film Gommission • pursuant to subdivision (g)-. 1 ::applieable expenditures21 pereentage shall be. 22 (A) Tv�'enty pereent of the qualified :. : ; 23 to the preduetion of a qualified motion pieture in Galif;Drnia. 24 ' five pereent of the qualified California25 attributable to the produetion of a qualified motion pieture in 26 Galif;.5rnia where the qua!-fied motion pieture is a television series 27 that reloeated to ; ' - f this seetion:• (1) 'Aneillary produet" m 4e for sale to the ptiblie 1 that eentains a pertion: ;qualified 31 pieture. 32 (2) "Budget" means an estimate of all expenses paid or ineurred 33 during the produetion period of a qualified motion piettire. it shall. 99 -3— AB 1069 be 2 eompany the same budget for all qualified used by the qualified taxpayer and produetion portionI 4 other than the qualified motion pieture, used in the qualified mc)tion . u.. • ; ;. the to Subparagraph paragraph .:: : 1 as a deduetion- part to the qualified taxpayer; I I in the produetion of the qualified 12 amounts eontributed by employees, f;Dr any year during th e 13 produetion period with respeet: Employer: ; ; fit sharing, 15 annuity, or similar plan. •Employer;.eoverage under any aeeident or health plan for employees.17 18 (iii) T-heetnplo�'er'set)stoflif�ordisabilit�,insuraneepret'ided • to employees. 1 C) Any alll%jull,L treated as wagesof. 21 subparagraph . paragraph . ' - - . . . unt 22 under this paragraph. 23 (6) "Independent film" means a motion pieture with a 24 budget of one million dollars ($1,000,000) and a maxitnufn budget 25 of ten million dollars ($10,000,000) that is produeed by a pompany 26 that is not publiely traded and publiely traded eornpanies do not 27 own, direetly or indireetly,; produeing 28 :: • (7) "Heensing" means any grant of hts to distribute the 1 qualified motion : part.31 - • of -medium 33 (9) (A) "Postproduetion" means the - - qualified autornatie dialogue35 ;laeernent, sound editing, seoring . editing, beginning and end eredits, _d duplieation,:. • . - .. - - . .. -- .. - - .. . . n. 0 shipping of release prints. 99 IN AB 1069 99 7 . ... - . - .. . preparation .. - . produetion whieh beginsqua3 lified has reeeived a firm agreement of ; ;. is • greenlit, with, f;br example,establishment produetion offiee, the hiring of key erew members,des, 6 but is not; ;. ; vendorsafequipment and stage;: •photography"of - - 9 during whieh the motion distinguished 1 ; ;:. :: : :: ..-period"- "Qualified- - - .. tionas "Qualified ' . . - . during .... . . .-. .- • "Qualified 1 (B) individual" not inelude eiLher of the following.21 22 (i) Any, individual related to the qualified taxpayer as deseribed 23 in .... .. . - . . - - . . f the internal _ 24 Revenue God-e�. 26 the Internal Revenue Gode, of the qualified taxpayer. "Qualified ' . - .... - . distribution - - . ... - . 29 of medium that is one of the following. 1 :: : : =t of one tnillit�n 31 dollars ...... 32 s eventy five million dollars ...... movie 34 produetion budget of five hundred thousand dollars ($500,000). 35 (iii) A new television series ::. ; • 1 1 )duetion budget of one million :: 1,000,000) distribution basie eable. :-;--;-- •A television series that reloeatedto - 99 7 AB 1069 99 0 (B) To as a "qualified all of the qualif�, motion piettireT" followingI ; ; be satisfied. 3 (i) At least 75 pereent of the produetion days oeeur wholly in ::yment f;jr serviees performed purehase or rental of property'6 : 7 (ii) Produetion of the qualified motion pieture is eampleted 8 within 30 months from the date on whieh the qttalified taxpayer's • applieation 1 purposesof this seetion, a qualified 12 (iii) The ;;. for the motion pieture is registered with the 13 United States Copyright'right pursuant States Code.14 ..of ..photograph" the qualified 17 the . - . - . .. . .•. . day's 18 the date ofthat approval. •- . purposes . subparagraph - . .. ting the P- 0 total wages paid or ineurred for the produetion of a qualified PC I motion pieture, all amounts paid or ineurred by, aN persons or t2 entities that share in the eostsof the qualified motion 3 be aggregated-. "Qualifiedf- 25 advertising, musie videos, a motion pieture produeed for private 26 ial use, stteh as weddings, graduations, or as part of. 27 an edueational eourse and made by, students, a new's program-, 28 �ttrrent events or publie events program, talk show, game shov�-, 29 sporting evelit — ae—ity, awards show, telethon or othe 1 that solieits; ;:tm, elip:: produetion 31 if more than • pereent - -- programs, dayti 33 dramas, strip shows,variety, ; ;. :: 34 shows, or any produetion that f�lls within the reeordkeeping 35 requirements of Seetion 2257 of:Fitle '-f the United States Gode. "Qualified :. paid or ineurred 37 to purehase or leftse tangible personalproperty, 38 state in the produetion of a qualified motien pieture and payments, • imeluding qualified- -- m,iees performed within this state 1 in the produetionqualified 99 0 AB 1069 -6- 99 9 ii, -. :. LIKIMIJAM2,111111 11111011111101 A.MM ... - . . ----- . . . : OWN Ml.. . .. . lil, . . . ... . �1 99 9 AB 1069 eomposers,isors, :::. 2 than :: :. "Residual - - ;: ;tion 5 through new ttse, reuse, "'F in seeondary markets, as, 6 distinguished f�oim payments made during produetioit-. "Reuse" 7 (20) means any tise oftt qualified motion piettire in the ' same medium f;Dr- wimg the initial use 9 in that :. 1 ; .: qualified - I I motion 12 is exhibited. piettire is exhibited :.media follow in whieh it "Television 13 (22) series that reloeated : : television series, without14 : :: 15 exhibition, tht -; ; -:. • Galifornia and for;;eredit provided17 pursuant 18 reloeating to Galifornitt. •Notwithstanding any other !aw, a qualified taxpayer 20 may sell any eredit allowed under this seetion that is attributable_ 21 to an independent film, as defined in paragraph (6) of subdivision unrelated party. qualified taxpayerreport 24 Board prior to the sale off the evedit, ■ oard, all required information • regarding the purehase and sale of the eredit,.: seeurity or other taxpayer27 - ;n number of the unrelated . .. ' - . . -sold, . - .. . f the • evedit sold,- of --- - n reeeived by, the 1 qualified taxpayer 31 (3) in the ease where the eredit allowed under "net 32 exeeeds the taxT" the exeess : be earried over to "net 33 ;.ee the tax" in the f6ilowingtaxable 34 five taxablebeen exhausted. 35 (4) A eredit shall not be Sold pursuant to this subdivision to • more than one - be resold by, 37 unrelated party, to another taxpayer or other party'. 38 (5) A party, that has aequired tax eredits under this seetion shall • be subjeet to the requirements of this seetion. 99 10 AB 1069 1 2 —8- 3 on any i. tax return ol 4 (7) In the event that both the taxpayer; :. tt taxpayer to whom the eredit has been sold both elaim the sa amount6 of - on - - Board mery 8 • disallow the eredit of - long as the statute - • limitations upon - 1 _ with -vernment Seetion 11340) of Part 1 of. - Division 12 any, standard, of eriterion, :. Gode does guideline established13 or ._.._ 14 pursuant to this subdivisioft-. (d) No eredit shall be allowed15 pursuant 16 the qualified taxpayer provides the f;Dllowing to the Galifornia 17 Film Gornmission: ' . on of eaeh qualified individual. • (2) The apeeifie start and end dates of produetion. 1 paid. amountqualified wages paid toeaeh qualified 22 :.: (5) The eopyright registration23 d on the 24 eertifieate of registration issued under the authority of Title 17 of the United States Code,25 . elaim and issuanee: ;. 27 provided 28 (6) The total amounts paid or ineurred to purehase or lease 29 tangible personal property used in the produetion oF a qualified 1 motion pietttre-. (7) information to substantiate31 32 ') lnRwmation required by, the Galifornia under regulations promulgated pursuant to subdivision - 34 neeessary amount33 to verify the ; ; 35 (e) The Galif;Drnia Film Gommissiott may preseribe rules and • regulafions to earry out the purposes rules37 =.establish requirements,38 - rules identifiedor requiredimplement • seetion. The regulations shall inelude- -set aside a ,11 pereentage of annual -.44 I : ident films. 99 AB 1069 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 S if registration the qualified number as taxpayer required ■ fails paragraph to provide the eopyright. : subdivision 3 (d), the eredit shall be disallowed ::: and assessed and eoileeted under 4 Seetioi. 19051 until the proeedures are satisfied. 5 (g) For purposes of this seetion, the Galif;Dmia Film Commission •shall::thefollowing: 2009, i alloeate , • (A) Establish a proeedure f;jr applieants to file with the ": "- -t Writtenapplieation, on fbrmjointlypreseribed by 12 the tax eredit. " applieationshallin elude,but notbe mited to, 13 the fi5ilowing infomiation- 14 (i) The budget for the motion pieture produetion. 15 (ii) The number of produetion days. 16 (iii) A finaneing plan f;br the produetion-. 17 (iv) The diversity:theworkfibree employed by - iii - 18 ineluding, but not limited to, the ethnie and raeial makeup of the 19 individuals employed by the applieant during the produetion o 20 the qualified motion pieture, to the extent possible. 21 (v) Any other infimmation deemed relevant by the eommission 22 or the Franehise Tax Board-. 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 99 ■ "_REV.- iii :• ::: :- 'Wil- : NOW 99 AB 1069 --10 arnount alloeated . after qualified expenditures have ;n. The arnount of eredit shown; been verified - o,tit of ef-edit alleeated to that taxpayer4 qualified pursuant (h) The Galifomia Film Commission shall provide5 6 Tax Board annually with a list of qualified ;: amounts:: by the • Galift)rnitt Film Gommission.and applied f;5r in any partiettlar fise 1 numbers of eaeh partner or shareholder,applieable, taxpayers. eredits atithorized to LL qualified 12 (i) (1) The aggregate atnottnt of eredits that may be alloeated 13 'in any fiseal year purstiant to this seetion and Seetion 23686 14 on the first day 17 99 �3 - - - - ..ally, - - - • preeeding- - 1 (G) The amottnt of previously 21 (2) if the amount of eredits applied f;5r in any partiettlar fise 22 year exeeeds the aggregate amount of tax eredits atithorized to LL 23 d under this seetion, stteh exeess shall be treated as havit_ 24 been applied f;5r on the first day of the subsequent ---a 25 1 lowever, eredits may not; - • than the fiseal year in whieh the eredit was originally applied 27 or the immediately sueeeeding fiseal ye- . (3) Notwithstanding the f;Dregoing, the Film Gomn.iisstion 29 set aside tip to ten million ($1 fiasv-4 1 year for independent;neordanee with rules an developed31 regulations pttrsuant to sttbd 32 (4) Any aet that reduees ft.m.-Runt that fnay be 33 purstiant to paragraph (l' a ehange in state taxes 34 the purpose pass • by not houses37 two :. :: • eredits in aeeordanee 1 regulations preseribed pursttant to subdivisionupon adoptio 99 �3 -11— AB 1069 1 SEC. 2. Section 17053.85 of the Revenue and Taxation Code, 2 as added by Section 4 of Chapter 17 of the 3rd Extraordinary 3 Session of the Statutes of 2009, is amended to read: 4 17053.85. (a) (1) For taxable years beginning on or after 5 January 1, 2011, there shall be allowed to a qualified taxpayer a 6 credit against the "net tax," as defined in Section 17039, in an 7 amount equal to the applicable percentage, as specified in 8 paragraph (4), of the qualified expenditures for the production of 9 a qualified motion picture in California. 10 (2) The credit shall be allowed for the taxable year in which the 11 California Film Commission issues the credit certificate pursuant 12 to subdivision (g) for the qualified motion picture, and shall be for 13 the applicable percentage of all qualified expenditures paid or 14 incurred by the qualified taxpayer in all taxable years for that 15 qualified motion picture. 16 (3) The amount of the credit allowed to a qualified taxpayer 17 shall be limited to the amount specified in the credit certificate 18 issued to the qualified taxpayer by the California Film Commission 19 pursuant to subdivision (g). 20 (4) For purposes of paragraphs (1) and (2), the applicable 21 percentage shall be: 22 (A) Twenty percent of the qualified expenditures attributable 23 to the production of a qualified motion picture in California. 24 (B) Twenty-five percent of the qualified expenditures 25 attributable to the production of a qualified motion picture in 26 California where the qualified motion picture is a television series 27 that relocated to California or an independent film. 28 (b) For purposes of this section: 29 (1) "Ancillary product" means any article for sale to the public 30 that contains a portion of, or any element of, the qualified motion 31 picture. 32 (2) "Budget" means an estimate of all expenses paid or incurred 33 during the production period of a qualified motion picture. It shall 34 be the same budget used by the qualified taxpayer and production 35 company for all qualified motion picture purposes. . 36 (3) "Clip use" means a use of any portion of a motion picture, 37 other than the qualified motion picture, used in the qualified motion 38 picture. 99 AB 1069 —12- 1 12- 1 (4) "Credit certificate" means the certificate issued by the 2 California Film Commission pursuant to subparagraph (C) of 3 paragraph (2) of subdivision (g). 4 (5) (A) "Employee fringe benefits" means the amount allowable 5 as a deduction under this part to the qualified taxpayer involved 6 in the production of the qualified motion picture, exclusive of any 7 amounts contributed by employees, for any year during the 8 production period with respect to any of the following: 9 (i) Employer contributions under any pension, profit-sharing, 10 annuity, or similar plan. 11 (ii) Employer-provided coverage under any accident or health 12 plan for employees. 13 (iii) The employer's cost of life or disability insurance provided 14 to employees. 15 (B) Any amount treated as wages under clause (i) of 16 subparagraph (A).of paragraph (18) shall not be taken into account 17 under this paragraph. 18 (6) "Independent film" means a motion picture with a minimum 19 budget of one million dollars ($1,000,000) and a maximum budget 20 often million dollars ($10,000,000) that is produced by a company 21 that is not publicly traded and publicly traded companies do not 22 own, directly or indirectly, more than 25 percent of the producing 23 company. 24 (7) "Licensing" means any grant of rights to distribute the 25 qualified motion picture, in whole or in part. 26 (8) "New use" means any use of a motion picture in a medium 27 other than the medium for which it was initially created. 28 (9) (A) "Postproduction" means the final activities in a qualified 29 motion picture's production, including editing, foley recording, 30 automatic dialogue replacement, sound editing, scoring and music 31 editing, beginning and end credits, negative cutting, negative 32 processing and duplication, the addition of sound and visual effects, 33 soundmixing, film -to -tape transfers, encoding, and color correction. 34 (B) "Postproduction" does not include the manufacture or 35 shipping of release prints. 36 (10) "Preproduction" means the process of preparation for actual 37 physical production which begins after a qualified motion picture 38 has received a firm agreement of financial commitment, or is 39 greenlit, with, for example, the establishment of a dedicated 40 production office, the hiring of key crew members, and includes, 99 15 13— AB 1069 1 but is not limited to, activities that include location scouting and 2 execution of contracts with vendors of equipment and stage space. 3 (11) "Principal photography" means the phase of production 4 during which the motion picture is actually shot, as distinguished 5 from preproduction and postproduction. 6 (12) "Production period" means the period beginning with 7 preproduction and ending upon completion of postproduction. 8 (13) "Qualified entity" means a personal service corporation as 9 defined in Section 269A(b)(1) of the Internal Revenue Code, a 10 payroll services corporation, or any entity receiving qualified wages 11 with respect to services performed by a qualified individual. 12 (14) (A) "Qualified individual" means any individual who 13 performs services during the production period in an activity related 14 to the production of a qualified motion picture. 15 (B) "Qualified individual" shall not include either of the 16 following: 17 (i) Any individual related to the qualified taxpayer as described 18 in subparagraph (A), (B), or (C) of Section 51(i)(1) of the Internal 19 Revenue Code. 20 (ii) Any 5 percent owner, as defined in Section 416(i)(1)(B) of 21 the Internal Revenue Code, of the qualified taxpayer. 22 (15) (A) "Qualified motion picture" means a motion picture 23 that is produced for distribution to the general public, regardless 24 of medium that is one of the following: 25 (i) A feature with a minimum production budget of one million 26 dollars ($1,000,000) and a maximum production budget of 27 seventy-five million dollars ($75,000,000). 28 (ii) A movie of the week or miniseries with a minimum 29 production budget of five hundred thousand dollars ($500,000). 30 (iii) A new television series produced in California with a 31 minimum production budget of one million dollars ($1,000,000) 32 licensed for original distribution on basic cable. 33 (iv) An independent film. 34 (v) A television series that relocated to California. 35 (B) To qualify as a "qualified motion picture," all of the 36 following conditions shall be satisfied: 37 (i) At least 75 percent of the production days occur wholly in 38 California or 75 percent of the production budget is incurred for 39 payment for services performed within the state and the purchase 40 or rental of property used within the state. 99 1� AB 1069 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 —14— (ii) Production of the qualified motion picture is completed within 30 months from the date on which the qualified taxpayer's application is approved by the California Film Commission. For purposes of this section, a qualified motion picture is "completed" when the process of postproduction has been finished. (iii) The copyright for the motion picture is registered with the United States Copyright Office pursuant to Title 17 of the United States Code. (iv) Principal photography of the qualified motion picture commences after the date on which the application is approved by the California Film Commission, but no later than 180 days after the date of that approval. (C) For the purposes of subparagraph (A), in computing the total wages paid or incurred for the production of a qualified motion picture, all amounts paid or incurred by all persons or entities that share in the costs of the qualified motion picture shall be aggregated. (D) "Qualified motion picture" shall not include commercial advertising, music videos, a motion picture produced for private noncommercial use, such as weddings, graduations, or as part of an educational course and made by students, a news program, current events or public events program, talk show, game show, sporting event or activity, awards show, telethon or other production that solicits funds, reality television program, clip -based programming if more than 50 percent of the content is comprised of licensed footage, documentaries, variety programs, daytime dramas, strip shows, one-half hour (air time) episodic television shows, or any production that falls within the recordkeeping requirements of Section 2257 of Title 18 of the United States Code. (16) "Qualified expenditure" means amounts paid or incurred to purchase or lease tangible personal property used within this state in the production of a qualified motion picture and payments, including qualified wages, for services performed within this state in the production of a qualified motion picture. (17) (A) "Qualified taxpayer" means a taxpayer who has paid or incurred qualified expenditures and has been issued a credit certificate by the California Film Commission pursuant to subdivision (g). (B) In the case of any passthrough entity, the determination of whether a taxpayer is a qualified taxpayer under this section shall 99 17 -15— AB 1069 1 be made at the entity level and any credit under this section is not 2 allowed to the passthrough entity, but shall be passed through to. 3 the partners or shareholders in accordance with applicable 4 provisions of Part 10 (commencing with Section 17001) or Part 5 11 (commencing with Section 23001). For purposes of this 6 paragraph, "passthrough entity" means any entity taxed as a 7 partnership or "S" corporation. 8 (18) (A) "Qualified wages" means all of the following: 9 (i) Any wages required to be reported under Section 13050 of 10 the Unemployment Insurance Code that were paid or incurred by I l any taxpayer involved in the production of a qualified motion 12 picture with respect to a qualified individual for services performed 13 on the qualified motion picture production within this state. 14 (ii) The portion of any employee fringe benefits paid or incurred 15 by any taxpayer involved in the production of the qualified motion 16 picture that are properly allocable to qualified wage amounts 17 described in clause (i). 18 (iii) Any paymentsr wade to a qualified entity for services 19 performed in this state by qualified individuals within the meaning 20 of paragraph (14). 21 (iv) Remuneration paid to an independent contractor who is a 22 qualified individual for services performed within this state by that 23 qualified individual. 24 (B) "Qualified wages" shall not include any of the following: 25 (i) Expenses, including wages, related to new use, reuse, clip 26 use, licensing, secondary markets, or residual compensation, or 27 the creation of any ancillary product, including, but not limited to, 28 a soundtrack album, toy, game, trailer, or teaser. 29 (ii) Expenses, including wages, paid or incurred with respect to 30 acquisition, development, turnaround, or any rights thereto. 31 (iii) Expenses, including wages, related to financing, overhead, 32 marketing, promotion, or distribution of a qualified motion picture. 33 (iv) Expenses, including wages, paid per person per qualified 34 motion picture for writers, directors, music directors, music 35 composers, music supervisors, producers, and performers, other 36 than background actors with no scripted lines. 37 (19) "Residual compensation" means supplemental 38 compensation paid at the time that a motion picture is exhibited 39 through new use, reuse, clip use, or in secondary markets, as 40 distinguished from payments made during production. 99 AB 1069 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 —16— (20) "Reuse" means any use of a qualified motion picture in the same medium for which it was created, following the initial use in that medium. (21) "Secondary markets" means media in which a qualified motion picture is exhibited following the initial media in which it is exhibited. (22) "Television series that relocated to California" means a television series, without regard to episode length or initial media exhibition, that filmed all of its prior season or seasons outside of California and for which the taxpayer certifies that the credit provided pursuant to this section is the primary reason for relocating to California. (c) (1) Notwithstanding any other law, a qualified taxpayer may sell any credit allowed under this section that is attributable to an independent film, as defined in paragraph (6) of subdivision (b), to an unrelated party. (2) The qualified taxpayer shall report to the Franchise Tax Board prior to the sale of the credit, in the form and manner specified by the Franchise Tax Board, all required information regarding the purchase and sale of the credit, including the social security or other taxpayer identification number of the unrelated party to whom the credit has been sold, the face amount of the credit sold, and the amount of consideration received by the qualified taxpayer for the sale of the credit. (3) In the case where the credit allowed under this section exceeds the "net tax," the excess credit may be carried over to reduce the "net tax" in the following taxable year, and succeeding five taxable years, if necessary, until the credit has been exhausted. (4) A credit shall not be sold pursuant to this subdivision to more than one taxpayer, nor may the credit be resold by the unrelated party to another taxpayer or other party. (5) A party that has acquired tax credits under this section shall be subject to the requirements of this section. (6) In no event may a qualified taxpayer assign or sell any tax credit to the extent the tax credit allowed by this section is claimed on any tax return of the qualified taxpayer. (7) In the event that both the taxpayer originally allocated a credit under this section by the California Film Commission and a taxpayer to whom the credit has been sold both claim the same amount of credit on their tax returns, the Franchise Tax Board may 99 17— AB 1069 1 disallow the credit of either taxpayer, so long as the statute of 2 limitations upon assessment remains open. 3 (8) Chapter 3.5 (commencing with Section 11340) of Part 1 of 4 Division 3 of Title 2 of the Government Code does not apply to 5 any standard, criterion, procedure, determination, rule, notice, or 6 guideline established or issued by the Franchise Tax Board 7 pursuant to this subdivision. 8 (d) No credit shall be allowed pursuant to this section unless 9 the qualified taxpayer provides the. following to the California 10 Film Commission: 1 1 (1) Identification of each qualified individual. 12 (2) The specific start and end dates of production. 13 (3) The total wages paid. 14 (4) The amount of qualified wages paid to each qualified 15 individual. 16 (5) The copyright registration number, as reflected on the 17 certificate of registration issued under the authority of Section 410 18 of Title 17 of the United States Code, relating to registration of 19 claim and issuance of certificate. The registration number shall be 20 provided on the return claiming the credit. 21 (6) The total amounts paid or incurred to purchase or lease 22 tangible personal property used in the production of a qualified 23 motion picture. 24 (7) Information to substantiate its qualified expenditures. 25 (8) Information required by the California Film Commission 26 under regulations promulgated pursuant to subdivision (g) 27 necessary to verify the amount of credit claimed. 28 (e) The California Film Commission may prescribe rules and 29 regulations to carry out the purposes of this section including any 30 rules and regulations necessary to establish procedures, processes, 31 requirements, and rules identified in or required to implement this 32 section. The regulations shall include provisions to set aside a 33 percentage of annual credit allocations for independent films. 34 (f) If the qualified taxpayer fails to provide the copyright 35 registration number as required in paragraph (5) of subdivision 36 (d), the credit shall be disallowed and assessed and collected under 37 Section 19051 until the procedures are satisfied. 38 (g) For purposes of this section, the California Film Commission 39 shall do the following: 99 I'M AB 1069 —18- 1 18- 1 (1) On, or after, July 1, 2009, and before July 1,-2044 2019, 2 allocate tax credits to applicants. 3 (A) Establish a procedure for applicants to file with the 4 commission a written application, on a form jointly prescribed by 5 the commission and the Franchise Tax Board for the allocation of 6 the tax credit. The application shall include, but not be limited to, 7 the following information: 8 (i) The budget for the motion picture production. 9 (ii) The number of production days. 10 (iii) A financing plan for the production. I 1 (iv) The diversity of the workforce employed by the applicant, 12 including, but not limited to, the ethnic and racial makeup of the 13 individuals employed by the applicant during the production of 14 the qualified motion picture, to the extent possible. 15 (v) Any other information deemed relevant by the commission 16 or the Franchise Tax Board. 17 (B) Establish criteria, consistent with the requirements of this 18 section, for allocating tax credits. 19 (C) Determine and designate applicants who meet the 20 requirements of this section. 21 (D) Process and approve, or reject, all applications on a 22 first -come -first-served basis. 23 (E) Subject to the annual cap established as provided in 24 subdivision (i), allocate an aggregate amount of credits under this 25 section and Section 23685, and allocate any carryover of 26 unallocated credits from prior years. 27 (2) Certify tax credits allocated to qualified taxpayers. 28 (A) Establish a verification procedure for the amount of qualified 29 expenditures paid or incurred by the applicant. 30 (B) Establish audit requirements that must be satisfied before 31 a credit certificate may be issued by the California Film 32 Commission. 33 (C) Issue a credit certificate to a qualified taxpayer upon 34 completion of the qualified motion picture reflecting the credit 35 amount allocated after qualified expenditures have been verified 36 under this section. The amount of credit shown in the credit 37 certificate shall not exceed the amount of credit allocated to that 38 qualified taxpayer pursuant to this section. 39 (h) The California Film Commission shall provide the Franchise 40 Tax Board annually with a list of qualified taxpayers and the tax 99 �'l 19— AB 1069 1 credit amounts allocated to each qualified taxpayer by the 2 California Film Commission. The list shall include the names and 3 taxpayer identification numbers, including taxpayer identification 4 numbers of each partner or shareholder, as applicable, of the 5 qualified taxpayers. 6 (i) (1) The aggregate amount of credits that may be allocated 7 in any fiscal year pursuant to this section and Section 23686 shall 8 be an amount equal to the sum of all of the following: 9 (A) One hundred million dollars ($100,000,000) in credits for 10 the 2009-10 fiscal year and each fiscal year thereafter, through 11 and including the11n�g 2018-19 fiscal year. 12 (B) The unused allocation credit amount, if any, for the 13 preceding fiscal year. 14 (C) The amount of previously allocated credits not certified. 15 (2) If the amount of credits applied for in any particular fiscal 16 year exceeds the aggregate amount of tax credits authorized to be 17 allocated under this section, such excess shall be treated as having 18 been applied for on the first day of the subsequent fiscal year. 19 However, credits may not be allocated from a fiscal year other 20 than the fiscal year in which the credit was originally applied for 21 or the immediately succeeding fiscal year. 22 (3) Notwithstanding the foregoing, the Film Commission shall 23 set aside up to ten million ($10,000,000) of tax credits each fiscal 24 year for independent films allocated in accordance with rules and 25 regulations developed pursuant to subdivision (e). 26 (4) Any act that reduces the amount that may be allocated 27 pursuant to paragraph (1) constitutes a change in state taxes for 28 the purpose of increasing revenues within the meaning of Section 29 3 of Article XIII A of the California Constitution and may be passed 30 by not less than two-thirds of all Members elected to each of the 31 two houses of the Legislature. 32 0) The film commission shall have the authority to allocate tax 33 credits in accordance with this section and in accordance with any 34 regulations prescribed pursuant to subdivision (e) upon adoption. 35 SEC. 3. Section 23685 of the Revenue and Taxation Code, as 36 added by Section 9 of Chapter 10 of the 3rd Extraordinary Session 37 of the Statutes of 2009, is repealed. 38 23685. (a) (1) For taxable years beginning on or after 4antiary 39 1, 2011, there shall be allowed te) a qualified taxpayer a eredit 40 " as defined in Seetion 23036, in an arnount eqttal 99 AB 1069 —20— I to the applieable pereentage, as speeified in paragraph (4), of the 2 qualified expenditures f;5r the produetion of a qualified motion 3 pieture in Galif6rnia. 4 (2) The eredit shall be allowed; :; pttrsuant 6 to subdivision (g) for the qualified motion pieture, and shall be for 7 the applieable pereentagepaid or • - _. that• 1 (3) The amottnt limited of the eredit allowedqualified :: I shall 12 isstted be to the to the qualified amountI taxpayer by ; ; in the the Galif;jmia eredit Film Commission eertifieate 13 pursuant .:: 14 (4) For purposes of paragraphs (1) and (2), the applieable 15 pereentage shall be. •attributable 17 to the produetion of a qualified 18 (B) Twenty five pereent of the qualified expenditures •- .... . . -- ... . . ... - . . . . - 0Galifornia where the qualified motion pieture is a television series 21 that - ; ; ; purposes "Aneillary 23 (1) :::. pttblie 24 that eontains a :: : qualified 25 pieture. • :.:= paid or ineurred 27 during the prodtietion period of a qualified motion pieture. it shall.. • be the same budget- by the qualified - produeti- • eot-opany f -or all qualified motion pietttre purposes. 1 : portion of a motion pietttre, 31 other than the qualified motion pieture, used in the qualified motion 32 pieture. - - by the 34 Galifornia Film Commission ptirsuant to subparagraph (G) 0 35 paragraph .:: "Employee.fringe 36 (5) (A) benefits" means the amount allowable 37 as a deduetion under this part to the qualified taxpayer itwolved . in the produetion of the qualified motioi11 F"Itum, . . • amounts eontributed by, employeel!,- Year during 1 produetion period with respeet: : :. 99 — 21— AB 1069 99 .... _ Employer;. ;. - - or health 4 : ; ; ;. 5 (iii) The emrloyer's eost of life or disability insuranee provided . to employees. 7 (B) A y amount treated as wages under elause (i) of 8 sitbparagraph (A) of paragraph (18) shall not be taken into aeeottttt 9 under this paragraph. 1 : ; 12 often million dollars ....... ) that is produeed by, a eompany, 13 that is not publiely traded and publiely, traded eompanies do not 14 ;. pereent of the produeing 15 _p;_ y. •distribute 17 qualified motion pietttre, in whele or in part. . . . use . . motion - pietttre in a medium • other than the medium ft)r whieh it was initially ereated-. ': 1 :::. 21 foley motion pietwe's produetion,ding editing, reeording,. 22 automatie dialogue replaeement,;. ;muste editing, beginning and end evedits, negative23 - 24 d dupheation, the addition of sound and _ vistial effeets, 25 �oumdtni"ig, film to tape transfers, eneoding, and eolor eorreetion. • :::. :: 27 shipping of release prints. • . .. - • .. - . . . _ ... - . . motion pieture 1 has reeeived a firm agreement of finaneial eommitinent, o. is greenlit, with, f;jr example, the establishment31 32 produetion offiee, the hiring of key erew members, and ineludes, 33 but is not limited to, aetivities that inelude; ; ;. exeetition of eontraets with vendors34 ;ment and stage spaee�-. .. means ase of - • during whieh the motion piettire is aetttallyr shot, as distinguished • .. oduetion period" means the period beginning with 39 preproduetion and ending upon tompletion of postproduetion. 99 AB 1069 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 22 99 ----------------- C....... ... -- .. ... ... _ ;. - ; ... INIT ; ... - ..... :. •E 1, 1 1- All LEA ANSI SAM II vim a : Ill A-- - - :. : FEW 99 -23— AB 1069 1 2 • . - . purposes - . .... .. - _ the . .. . .. . - . _ - .... . - -- . ... 1 motion piettire, all amottnts::: o ineutted bypersons; It. 12 be ttggregated-. "Qualified 13 (9) motion pieture" shall not inelude eommereial 14 advertising, musie videos, a motion pietttre produeed for private noneornfnereial use, sueh as weddings,15 :.: part of. 16 an edueational eourse and made by students, a nevvls program, 17 etirrent events or events program,;. publie 18 sporting event or aetivity, awards shovt,telethon 19 produetion 1 if more than 50 pereent of the %,,,Lent is eompriseed' 21 lieensed footage,doeumentaries, variety programs, dramas, strip shows,22 :.tr (air time) episodie shows,23 or any ; ::. 24 - - States Gode. 25 . ... - . - .. -. _. .. . . 26 to purehase or lease tangiblepersonal property 27 state in the produetion of a qualifiedpayments, ' ineluding qualified wages, forbrrned within this state 29 in the produetion of a qualified 30 (17) (A) "Qualified taxpayer" means a taxpayer who has paid 31 or inetirred qualified expenditures and has beeii issued a eredif 32 eerti4ieate ;. the Galifornia; :. subdivision33 _ 34 (B) (i) in the ease of any passthrough entity, the determination qualified taxpayer • shall be made at the entity level and any eredit under this seetion 37 is not allowed to the passthrough entity, but shall be passed through . to the partners or shareholders. applieable 39 provisions of Part 10 (eotnmeneing with Seetion 1700 1) or Patil 4123001). For purposes of this 99 AB 1069 —24 paragraph,"passthrough partnership o ::: allowed3 (ii) in the ease of an "S" eorporation, the eredit 4 this seetion shall not be ttsed ;.eredit against;; :: • ::: Part 11 of Division 2. •"Qualified 8 (i) Any wages required to be reported under Seetion 13050 • the �4netnployment insuranee Code 1 any taxpayer involved in the produetion of a qualified motion :.: amounts12 on the qualified motion pieture produetion within Galif-ormia. 13 (ii) The portion of any employee f�inge benefits paid or inetirred 14 by any taxpayer involved in the produetion ofthe qualified motion. 15 pieture that are properly alloeable to qualified wage • deseribed in elause (i). 17 (iii) Any payments made performed18 qualified of paragraph (14). 1 - 21 qualified individual :r serviees perf;Drmed within Galifornia; individual.22 that qualified 23 (B) "Qualified wages" shall not - residual24 (i) Expenses, ineluding wages, related to new use, reuse, elip ; ; 26 the ereation of any aneillary produet, ineluding, but not limited to 27 a soundtraek alburn,;. , game, trailer, or teaser. I. (ii) Expenses, ineltiding wages, paid or ineurred with respeet to /• aequisition,development,- or any rights 1Expenses,.:overhead, 31 marketing, promotion, or distribution of a qualified motion pieture. 32 (iv) Expenses, ineluding wages, paid per person per qualified 34 :: performers, other - 35 than _ :. - aetors with no seripted 9. ;supplernental 37 i paid at the time that a motion pieture is exhibited • as, 99 2� -25— AB 1069 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 . -: - -- .. .. . :: 99 mm same fnediurn • • R)Ilowi 3 in that rnediurn. "Seeondary 4 (21) markets" means media in whieh a qualifi 5 tpotion piettive is exhibited fiDilowing the initial media i M.— • exhibited. 7 (22) "Television series that reloeated to California" means 8 television series, without regard to episode length or initial rne exhibition, that filmed allofitsprior or seasonsoutside • ' California I I provided ._ pursuant _ : whieh t� i _ _ taxpayer this seetion is the primary _ ti 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 . -: - -- .. .. . :: 99 mm AB 1069 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 26 Nam • - WWI :. .: IF v :. VA Ill ;. ;; I jilllil SPIPI- ;.poll. ::•41, - - wo- - - - -- - - - - - - 99 -27— AB 1069 99 3� eopyright registrationnumber,on the 2 eertifieate of registration issued under the authority of Seetion 410 3 of Title 17 of the United States Go e, 4 elaim and issuanee of eertifieate. The registration -number shall ;. provided • :) The total amounts paid or ineurred to purehase or lease tangible personal property7 :: . motion pieture. • (7) information to substantiate its qualified expenditures. 1 I I (8) information reqttired by the Galif-ornia Film Gommission 12 tinder neeessary regulations to verify promulgated the :. pursuant to subdivision (e) The Galif;jrnia Film Gommission may preseribe rules and 14 regulations to earry out the purposes of this seetion imeluding any 15 rules and regulations13 :: :. • and rules identifiedrequired 17 seetion. The shall inelude provisions ; • pereentage _regulations of annual eredit alloeations- r independent films.• (f) if the qualified taxpayer f�ils to provide the eopyright. 1 registration number as required in paragraph subdivision (d), the eredit shall disallowed21 be 22 Seetion 19051 ttntil the proeedures are satisfied. purposes _ 24 shall :: the fiDilowing. On or after 4uly 1, 2009, • tax eredits to::: 27 (A) Establish a proeedure f;5r applieants to file with the • eommission- -r- jointly 29 the eommission and the Franehise Tax Board for the alloeation of. 1 :::I.. 'ion shall inelude, but not be limited to, following31 the ;rmati: budget for the motion pieture :::. 3� (ii) The number of produetion days. 34 (iii) A finaneing plan f;5r the :::. (iv,) The diversity ofthe workforee employed by the applieant, 36 ineluding, but not limited to, the ethnie and raeial makeup35 of the 37 individuals employed by the applieant during the produetion 6 .38 the qualified motion pietttre, to the extent possible. • (v) Any other infiDrmation deemed relevant by, the e- 41 or the Framehise Tax Boare� 99 3� AB 1069 —28— I 28— 99 al _ tax eredits. 3 (G) Determine and designate applieants who meet the 4 requirements of this seetiotir .._.. ss approve, - Ull . first eome;; Subjeet to the annual eap established as provided . • subdivision . .eate an aggregate at-nount of ereditsttnder this earryover off 1 unalloeated - 11 (2) Gertif� 12 (A) Establish tax a verifieation ;taxpayers. proeedtive f6r the amount of qualified 13 expenditures paid or ineurred by, the applieant. 14 •satisfied;.Galif;omia Film 16 Gommission. 17 (G) issue a eredit eertifieate to a qualified taxpayer upon ' - - . . . . - . - ... motion pieture,_ the eredit, • amount . . - ...lified expendituies have been verified 1 under this seetion. The aniotintshown 21 eertifieate shall not exeeed the amotititd to that 22 qualified taxpayer pursuant (h) The Gajifi)rnia Film Gornmission shall provide23 24 Tax Board and the board annually with a list 4qualified taxpayers 25 and the tax eredit amounts alloeated to eaeh qualified taxpayer by • the Galifornia Film Gommission..: taxpayer27 and taxpayer 28 identifieation numbersof eaeh partner or shareholder,applieable, _ • of the qualified taxpayer. 1 (i) (1) The aggregate amount of evedits that may be alloeated 31 in any, fiseal year pursuant shall be an amount32 :• 33 (A) One hundred million dollars ($100,000,009) in eredits f;b 34 the ... 10 fiseal year and eaeh fiseal year thereafter, through 35 and ineluding the 2013 14 fiseal year. 36 (B) The unused alloeatiOn eredit amottnt, if any, f;jr the 37 preeeding fiseal year. . (G) The amount of previously . . eredits mot •- amount.- - ... . .. . __.. 1 year exeeeds the aggregate amountauthorized : be 99 al 1 2 3 4 5 6 7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 29— AB 1069 alloeated for under this seetion, sueh exeess shall be treated as having been applied ft)r on the first day of the subsequent fiseal other than the fiseal year in whieh the eredit was originally applied for or the immediately sueeeeding fiseal year. (3) Notwithstanding the fi5regoing, the Film Gommission shall set aside up to ten million ($40,000,090) of tax evedits eaeh fiseal year for independent films alloeated in aeeordanee with rules and regulations developed p�rsuant to subdivision (e). (4) Any aet that reduees the atnount that may be alloeated pursuant to paragraph (1) eonstitutes a ehange in state taxes f;or the purpose of inereasing revenues within the meaning of Seetiojfl. 3 f A mail. XH4A of the Galifi)mia Gonstitution and may be passed by not less than two thirds of all Members eleeted to eaeh of t two houses of the fzegislatuie. The film eommission hall have the a�thority to alloeate fa -x eredits in aeeordanee with this seetion and in aeeordanee with any regulations preseribed pursuant to subdivision (e) upon adoption. SEC. 4. Section 23685 of the Revenue and Taxation Code, as added by Section 9 of Chapter 17 of the 3rd Extraordinary Session of the Statutes of 2009, is amended to read: 23685. (a) (1) For taxable years beginning on or after January 1, 2011, there shall be allowed to a qualified taxpayer a credit against the "tax," as defined in Section 23036, in an amount equal to the applicable percentage, as specified in paragraph (4), of the qualified expenditures for the production of a qualified motion picture in California. (2) The credit shall be allowed for the taxable year in which the California Film Commission issues the credit certificate pursuant to subdivision (g) for the qualified motion picture, and shall be for the applicable percentage of all qualified expenditures paid or incurred by the qualified taxpayer in all taxable years for that qualified motion picture. (3) The amount of the credit allowed to a qualified taxpayer shall be limited to the amount specified in the credit certificate issued to the qualified taxpayer by the California Film Commission pursuant to subdivision (g). (4) For purposes of paragraphs (1) and (2), the applicable percentage shall be: 99 3� AB 1069 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 30— (A) 0— (A) Twenty percent of the qualified expenditures attributable to the production of a qualified motion picture in California. (B) Twenty-five percent of the qualified expenditures attributable to the production of a qualified motion picture in California where the qualified motion picture is a television series that relocated to California or an independent film. (b) For purposes of this section: (1) "Ancillary product" means any article for sale to the public that contains a portion of, or any element of, the qualified motion picture. (2) "Budget" means an estimate of all expenses paid or incurred during the production period of a qualified motion picture. It shall be the same budget used by the qualified taxpayer and production company for all qualified motion picture purposes. (3) "Clip use" means a use of any portion of a motion picture, other than the qualified motion picture, used in the qualified motion picture. (4) "Credit certificate" means the certificate issued by the California Film Commission pursuant to subparagraph (C) of paragraph (2) of subdivision (g). (5) (A) "Employee fringe benefits" means the amount allowable as a deduction under this part to the qualified taxpayer involved in the production of the qualified motion picture, exclusive of any amounts contributed by employees, for any year during the production period with respect to any of the following: (i) Employer contributions under any pension, profit-sharing, annuity, or similar plan. (ii) Employer-provided coverage under any accident or health plan for employees. (iii) The employer's cost of life or disability insurance provided to employees. (B) Any amount treated as wages under clause (i) of subparagraph (A) of paragraph (18) shall not be taken into account under this paragraph. (6) "Independent film" means a motion picture with a minimum budget of one million dollars ($1,000,000) and a maximum budget often million dollars ($10,000,000) that is produced by a company that is not publicly traded and publicly traded companies do not own, directly or indirectly, more than 25 percent of the producing company. 99 33 -31— AB 1069 1 (7) "Licensing" means any grant of rights to distribute the 2 qualified motion picture, in whole or in part. 3 (8) "New use" means any use of a motion picture in a medium 4 other than the medium for which it was initially created. 5 (9) (A) "Postproduction" means the final activities in a qualified 6 motion picture's production, including editing, foley recording, 7 automatic dialogue replacement,_ sound editing, scoring and music 8 editing, beginning and end credits, negative cutting, negative 9 processing and duplication, the addition of sound and visual effects, 10 soundmixing, film -to -tape transfers, encoding, and color correction. 11 (B) "Postproduction" does not include the manufacture or 12 shipping of release prints. 13 (10) "Preproduction" means the process of preparation for actual 14 physical production which begins after a qualified motion picture 15 has received a firm agreement of financial commitment, or is 16 greenlit, with, for example, the establishment of a dedicated 17 production office, the hiring of key crew members, and includes, 18 but is not limited to, activities that include location scouting and 19 execution of contracts with vendors of equipment and stage space. 20 (11) "Principal photography" means the phase of production 21 during which the motion picture is actually shot, as distinguished 22 from preproduction and postproduction. 23 (12) "Production period" means the period beginning with 24 preproduction and ending upon completion of postproduction. 25 (13) "Qualified entity" means a personal service corporation as 26 defined in Section 269A(b)(1) of the Internal Revenue Code, a 27 payroll services corporation, or any entity receiving qualified wages 28 with respect to services performed by a qualified individual. 29 (14) (A) "Qualified individual" means any individual who 30 performs services during the production period in an activity related 31 to the production of a qualified motion picture. 32 • (B) "Qualified individual" shall not include either of the 33 following: 34 (i) Any individual related to the qualified taxpayer as described 35 in subparagraph (A), (B), or (C) of Section 51(i)(1) of the Internal 36 Revenue Code. 37 (ii) Any 5 percent owner, as defined in Section 416(i)(1)(B) of 38 the Internal Revenue Code, of the qualified taxpayer. 99 -51 AB 1069 —32 1 (15) (A) "Qualified motion picture" means a motion picture 2 that is produced for distribution to the general public, regardless 3 of medium that is one of the following: 4 (i) A feature with a minimum production budget of one million 5 dollars ($1,000,000) and a maximum production budget of 6 seventy-five million dollars ($75,000,000). 7 (ii) A movie of the week or miniseries with a minimum 8 production budget of five hundred thousand dollars ($500,000). 9 (iii) A new television series produced in California with a 10 minimum production budget of one million dollars ($1,000,000) 11 licensed for original distribution on basic cable. 12 (iv) An independent film. 13 (v) A television series that relocated to California. 14 (B) To qualify as a "qualified motion picture," all of the 15 following conditions shall be satisfied: 16 (i) At least 75 percent of the production days occur wholly in 17 California or 75 percent of the production budget is incurred for 18 payment for services performed within the state and the purchase 19 or rental of property used within the state. 20 (ii) 'Production of the qualified motion picture is completed 21 within 30 months from the date on which the qualified taxpayer's 22 application is approved by the California Film Commission. For 23 purposes of this section, a qualified motion picture is "completed" 24 when the process of postproduction has been finished. 25 (iii) The copyright for the motion picture is registered with the 26 United States Copyright Office pursuant to Title 17 of the United 27 States Code. 28 (iv) Principal photography of the qualified motion picture 29 commences after the date on which the application is approved by 30 the California Film Commission, but no later than 180 days after 31 the date of that approval. 32 (C) For the purposes of subparagraph (A), in computing the 33 total wages paid or incurred for the production of a qualified 34 motion picture, all amounts paid or incurred by all persons or 35 entities that share in the costs of the qualified motion picture shall 36 be aggregated. 37 (D) "Qualified motion picture" shall not include commercial 38 advertising, music videos, a motion picture produced for private 39 noncommercial use, such as weddings, graduations, or as part of 40 an educational course and made by students, a news program, 99 35 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 33— AB 1069 current events or public events program, talk show, game show, sporting event or activity, awards show, telethon or other production that solicits funds, reality television program, clip -based programming if more than 50 percent of the content is comprised of licensed footage, documentaries, variety programs, daytime dramas, strip shows, one-half hour (air time) episodic television shows, or any production that falls within the recordkeeping requirements of Section 2257 of Title 18 of the United States Code. (16) "Qualified expenditures" means amounts paid or incurred to purchase or lease tangible personal property used within this state in the production of a qualified motion picture and payments, including qualified wages, for services performed within this state in the production of a qualified motion picture. (17) (A) "Qualified taxpayer" means a taxpayer who has paid or incurred qualified expenditures and has been issued a credit certificate by the California Film Commission pursuant to subdivision (g). (B) (i) In the case of any passthrough entity, the determination of whether a taxpayer is a qualified taxpayer under this section shall be made at the entity level and any credit under this section is not allowed to the passthrough entity, but shall be passed through to the partners or shareholders in accordance with applicable provisions of Part 10 (commencing with Section 17001) or Part 11 (commencing with Section 23001). For purposes of this paragraph, "passthrough entity" means any entity taxed as a partnership or "S" corporation. (ii) In the case of an "S" corporation, the credit allowed under this section shall not be used by an "S" corporation as a credit against a tax imposed under Chapter 4.5 (commencing with Section 23800) of Part 11 of Division 2. (18) (A) "Qualified wages" means all of the following: (i) Any wages required to be reported under Section 13050 of the Unemployment Insurance Code that were paid or incurred by any taxpayer involved in the production of a qualified motion picture with respect to a qualified individual for services performed on the qualified motion picture production within California. (ii) The portion of any employee fringe benefits paid or incurred by any taxpayer involved in the production of the qualified motion picture that are properly allocable to qualified wage amounts described in clause (i). 99 3(0 AB 1069 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 34 (iii) Any payments made to a qualified entity for services performed in California by qualified individuals within the meaning of paragraph (14). (iv) Remuneration paid to an independent contractor who is a qualified individual for services performed within California by that qualified individual. (B) "Qualified wages" shall not include any of the following: (i) Expenses, including wages, related to new use, reuse, clip use, licensing, secondary markets, or residual compensation, or the creation of any ancillary product, including, but not limited to, a soundtrack album, toy, game, trailer, or teaser. (ii) Expenses, including wages, paid or incurred with respect to acquisition, development, turnaround, or any rights thereto. (iii) Expenses, including wages, related to financing, overhead, marketing, promotion, or distribution of a qualified motion picture. (iv) Expenses, including wages, paid per person per qualified motion picture for writers, directors, music directors, music composers, music supervisors, producers, and performers, other than background actors with no scripted lines. (19) "Residual compensation" means supplemental compensation paid at the time that a motion picture is exhibited through new use, reuse, clip use, or in secondary markets, .as distinguished from payments made during production. (20) "Reuse" means any use of a qualified motion picture in the same medium for which it was created, following the initial use in that medium. (21) "Secondary markets" means media in which a qualified motion picture is exhibited following the initial media in which it is exhibited. (22) "Television series that relocated to California" means a television series, without regard to episode length or initial media exhibition, that filmed all'of its prior season or seasons outside of California and for which the taxpayer certifies that the credit provided pursuant to this section is the primary reason for relocating to California. (c) (1) Notwithstanding subdivision (i) of Section 23036, relating to credits attributable to a passthrough business entity, in the case where the credit allowed by this section exceeds the taxpayer's tax liability computed under this part, a qualified taxpayer may elect to assign any portion of the credit allowed 99 57 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 —35— AB 1069 under this section to one or more affiliated corporations for each taxable year in which the credit is allowed. For purposes of this subdivision, "affiliated corporation" has the meaning provided in subdivision (b) of Section 25110, as that section was amended by Chapter 881 of the Statutes of 1993, as of the last day of the taxable year in which the credit is allowed, except that "100 percent" is substituted for "more than 50 percent" wherever it appears in the section, and "voting common stock" is substituted for "voting stock" wherever it appears in the section. (2) The election provided in paragraph (1): (A) May be based on any method selected by the qualified taxpayer that originally receives the credit. (B) Shall be irrevocable for the taxable year the credit is allowed, once made. (C) May be changed for any subsequent taxable year if the election to make the assignment is expressly shown on each of the returns of qualified taxpayer and a qualified taxpayer's affiliated corporations that assign and receive the credits. (3) (A) Notwithstanding any other law, a qualified taxpayer, may sell any credit allowed under this section that is attributable to an independent film, as defined in paragraph (6) of subdivision (b), to an unrelated party. (B) The qualified taxpayer shall report to the Franchise Tax Board prior to the sale of the credit, in the form and manner specified by the Franchise Tax Board, all required information regarding the purchase and sale of the credit, including the social security or other taxpayer identification number of the unrelated party to whom the credit has been sold, the face amount of the credit sold, and the amount of consideration received by the qualified taxpayer for the sale of the credit. (4) In the case where the credit allowed under this section exceeds the "tax," the excess credit may be carried over to reduce the "tax" in the following taxable year, and succeeding five taxable years, if necessary, until the credit has been exhausted. (5) A credit shall not be sold pursuant to this subdivision to more than one taxpayer, nor may the credit be resold by the unrelated party to another taxpayer or other party. (6) A party that has been assigned or acquired tax credits under this paragraph shall be subject to the requirements of this section. 99 AB 1069 —36 1 (7) In no event may a qualified taxpayer assign or sell any tax 2 credit to the extent the tax credit allowed by this section is claimed 3 on any tax return of the qualified taxpayer. 4 (8) In the event that both the taxpayer originally allocated a 5 credit under this section by the California Film Commission and 6 a taxpayer to whom the credit has been sold both claim the same 7 amount of credit on their tax returns, the Franchise Tax Board may 8 disallow the credit of either taxpayer, so long as the statute of 9 limitations upon assessment remains open. 10 (9) Chapter 3.5 (commencing with Section 11340) of Part 1 of 11 Division 3 of Title 2 of the Government Code does not apply to 12 any standard, criterion, procedure, determination, rule, notice, or 13 guideline established or issued by the Franchise Tax Board 14 pursuant to this subdivision. 15 (d) No credit shall be allowed pursuant to this section unless 16 the qualified taxpayer provides the following to the California 17 Film Commission: 18 (1) Identification of each qualified individual. 19 (2) The specific start and end dates of production. 20 (3) The total wages paid. 21 (4) The amount of qualified wages paid to each qualified 22 individual. 23 (5) The copyright registration number, as reflected on the 24 certificate of registration issued under the authority of Section 410 25 of Title 17 of the United States Code, relating to registration of 26 claim and issuance of certificate. The registration number shall be 27 provided on the return claiming the credit. 28 (6) The total amounts paid or incurred to purchase or lease 29 tangible personal property used in the production of a qualified 30 motion picture. 31 (7) Information to substantiate its qualified expenditures. 32 (8) Information required by the California Film Commission 33 under regulations promulgated pursuant to subdivision (g) 34 necessary to verify the amount of credit claimed. 35 (e) The California Film Commission may prescribe rules and 36 regulations to carry out the purposes of this section including any 37 rules and regulations necessary to establish procedures, processes, 38 requirements, and rules identified in or required to implement this 39 section. The regulations shall include provisions to set aside a 40 percentage of annual credit allocations for independent films. 99 a 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 37— AB 1069 (f) If the qualified taxpayer fails to provide the copyright registration number as required in paragraph (5) of subdivision (d), the credit shall be disallowed and assessed and collected under Section 19051 until the procedures are satisfied. (g) For purposes of this section, the California Film Commission shall do the following: (1) On or after July 1, 2009, and before July 1,-2$14 2019, allocate tax credits to applicants. (A) Establish a procedure for applicants to file with the commission a written application, on a form jointly prescribed by the commission and the Franchise Tax Board for the allocation of the tax credit. The application shall include, but not be limited to, the following information: (i) The budget for the motion picture production. (ii) The number of production days. (iii) A financing plan for the production. (iv) The diversity of the workforce employed by the applicant, including, but not limited to, the ethnic and racial makeup of the individuals employed by the applicant during the production of the qualified motion picture, to the extent possible. (v) Any other information deemed relevant by the commission or the Franchise Tax Board. (B) Establish criteria, consistent with the requirements of this section, for allocating tax credits. (C) Determine and designate applicants who meet the requirements of this section. (D) Process and approve, or reject, ,all applications on a first -come -first-served basis. (E) Subject to the annual cap established as provided in subdivision (i), allocate an aggregate amount of credits under this section and Section 17053.85, and allocate any carryover of unallocated credits from prior years. (2) Certify tax credits allocated to qualified taxpayers. (A) Establish a verification procedure for the amount of qualified expenditures paid or incurred by the applicant. (B) Establish audit requirements that must be satisfied before a credit certificate maybe issued by. the California Film Commission. (C) Issue a credit certificate to a qualified taxpayer upon completion of the qualified motion picture, reflecting the credit 99 YG AB 1069 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 —38— amount allocated after qualified expenditures have been verified under this section. The amount of a credit shown in the credit certificate shall not exceed the amount of credit allocated to that qualified taxpayer pursuant to this section. (h) The California Film Commission shall provide the Franchise Tax Board and the board annually with a list of qualified taxpayers and the tax credit amounts allocated to each qualified taxpayer by the California Film Commission. The list shall include the names and taxpayer identification numbers, including taxpayer identification numbers of each partner or shareholder, as applicable, of the qualified taxpayer. (i) (1) The aggregate amount of credits that may be allocated in any fiscal year pursuant to this section and Section 17053.85 shall be an amount equal to the sum of all of the following: (A) One hundred million dollars ($100,000,000) in credits for the 2009-10 fiscal year and each fiscal year thereafter, through and including the 2013 14 2018-19 fiscal year. (B) The unused allocation credit amount, if any, for the preceding fiscal year. (C) The amount of previously allocated credits not certified. (2) If the amount of credits applied for in any particular fiscal year exceeds the aggregate amount of tax credits authorized to be allocated under this section, such excess shall be treated as having been applied for on the first day of the subsequent fiscal year. However, credits may not be allocated from a fiscal year other than the fiscal year in which the credit was originally applied for or the immediately succeeding fiscal year. (3) Notwithstanding the foregoing, the Film Commission shall set aside up to ten million ($10,000,000) of tax credits each fiscal year for independent films allocated in accordance with rules and regulations developed pursuant to subdivision (e). (4) Any act that reduces the amount that may be allocated pursuant to paragraph (1) constitutes a change in state taxes for the purpose of increasing revenues within the meaning of Section 3 of Article XIII A of the California Constitution and may be passed by not less than two-thirds of all Members elected to each of the two houses of the Legislature. 0) The film commission shall have the authority to allocate tax credits in accordance with this section and in accordance with any regulations prescribed pursuant to subdivision (e) upon adoption. 99 qj 39— AB 1069 1 SEC. 5. This act provides for a tax levy within the meaning of 2 Article IV of the Constitution and shall go into immediate effect. J 99 y� AMENDED IN ASSEMBLY APRIL 4, 2011 AMENDED IN ASSEMBLY MARCH 29, 2011 AMENDED IN ASSEMBLY MARCH 16, 2011 CALIFORNIA LEGISLATURE -2011-12 REGULAR SESSION ASSEMBLY BILL No. 438 Introduced by Assembly Member Williams February 14, 2011 An act to amend Sections 19104 and 19116 of, and to add Section 19104.5 to, the Education Code, relating to libraries. LEGISLATIVE COUNSEL'S DIGEST AB 438, as amended, Williams. County free libraries: withdrawal. Existing law provides that the county boards of supervisors may establish and maintain, within their respective counties, county free libraries pursuant to specified provisions of law. Existing law provides that the board of trustees, common council, or other legislative body of any city or the board of trustees of any library district may, on or before January 1 st of any year, notify the county board of supervisors that the city or library district no longer desires to be a part of the county free library system, as specified. This bill would instead provide that the board of trustees, common council, or other legislative body of a city or the board of trustees of a library district may, on or before January 1st of any year, notify the county board of supervisors that it no longer desires to be part of the county free library system, unless the board of trustees, common council, or other legislative body of a city or the board of trustees of a library district intends to operate the city's or the district's library or libraries with the help of a private contractor that will employ library staff. The 96 y3 AB 438 bill would require that if the board of trustees, common council, or other legislative body of a city or the board of trustees of a library district intends to operate the city's or the district's library or libraries, with the help of a private contractor that will employ library staff, it must publish notice of the contemplated action, submit the question for voter approval, and, if the withdrawal is approved by the voters, notify the county board of supervisors, as specified. The bill would provide that the notice to withdraw shall not be operative until the next succeeding year, as speeified. The bill would require the eity or library distriet to eease to paffieipate in the benefits of the eottnty ftee library system, t4-om being liable for taxes for eotinty f�ee library . To the extent the bill would impose additional duties on local agencies, the bill would impose a state -mandated local program. This bill would make other conforming changes. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to these statutory provisions. Vote: majority. Appropriation: no. Fiscal committee: yes. State -mandated local program: yes. The people of the State of California do enact as follows: 1 SECTION 1. Section 19104 of the Education Code is amended 2 to read: 3 19104. (a) The board of trustees, common council, or other 4 legislative body of a city or the board of trustees of a library district 5 may, on or before January 1 st of any year, notify the county board 6 of supervisors that the city or library district no longer desires to 7 be a part of the county free library system, unless the board of 8 trustees, common council, or other legislative body of a city or the 9 board of trustees of a library district intends to operate the city's 10 or the district's library or libraries with the help of a private 11 contractor that will employ library staff. The notice shall be 12 accompanied by a statement complying with the requirements of 13 Chapter 8 (commencing with Section 54900) of Part 1 of Division 96 7q -3— AB 438 1 2 of Title 5 of the Government Code. The clerk of the county board 2 of supervisors shall file the statement with the county assessor and 3 the State Board of Equalization. Thereafter the city or library 4 district shall cease to participate in the benefits of the county free 5 library system, and the property situated in the city or library 6 district shall not be liable for taxes for county free library purposes. 7 (b) If the board of trustees, common council, or other legislative 8 body of a city or the board of trustees of a library district intends 9 to operate the city's or the district's library or libraries, with the 10 help of a private contractor that will employ library staff, the 11 requirements of Section 19104.5 shall apply. 12 SEC. 2. Section 19104.5 is added to the Education Code, to 13 read: 14 19104.5. (a) If the board of trustees, common council, or other 15 legislative body of a city or the board of trustees of a library district 16 intends to operate the city's or the district's library or libraries, 17 with the help of a private contractor that will employ library staff, 18 the following requirements shall apply: 19 (1) At least once a week for two consecutive weeks prior to 20 taking any action, the board of trustees, common council, or other 21 legislative body of the city or the board of trustees of the library 22 district shall publish, in a newspaper designated by it and circulated 23 throughout the city or library district, notice of the contemplated 24 action, giving the date and place of the meeting at which the 25 contemplated action is proposed to be taken. 26 (2) Upon approval of the intent to withdraw by the board of 27 trustees, common council, or other legislative body of the city, or 28 the board of trustees of the library district, the question of the 29 decision to withdraw from the county free library system and to 30 use a private contractor that will employ library staff to operate 31 the city's or the district's library or libraries shall be submitted for 32 voter approval at a regularly scheduled election. 33 (3) If a majority of voters approve the withdrawal, the board of 34 trustees, common council, or other legislative body of the city or 35 the board of trustees of the library district shall notify the county 36 board of supervisors of approval by the voters to withdraw from 37 the county free library system. The notice shall be accompanied 38 by a statement complying with the requirements of Chapter 8 39 (commencing with Section 54900) of Part 1 of Division 2 of Title 40 5 of the Government Code. The clerk of the county board of 96 N' 5 AB 438 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 —4— supervisors shall file the statement with the county assessor and the State Board of Equalization. (b) The notice to withdraw shall not be effective until the succeeding year the benefits of the eounty free library system, and the property SEC. 3. Section 19116 of the Education Code is amended to read: 19116. (a) (1) Sections 19104 and 19105 are not applicable to the withdrawal of a city or library district from the county free library system in Los Angeles County or Riverside County. The legislative body of any city or the board of trustees of any library district, whose jurisdiction is within the County of Los Angeles or the County of Riverside, may notify the board of supervisors for Los Angeles County or Riverside County, as appropriate, that the city or library district no longer desires to be a part of the county free library system, unless the city's legislative body or the library district's board of trustees intends to operate the city's or the district's library or libraries with the help of a private contractor that will employ library staff. The notice shall state whether the city or library district intends to acquire property pursuant to subdivision (c). The board of supervisors shall transmit a copy of the notice to the Los Angeles County Assessor or Riverside County Assessor, as appropriate, the Los Angeles County Auditor or Riverside County Auditor, as appropriate, and the State Board of Equalization. (2) If the city's legislative body or the library district's board of trustees intends to operate the city's or the district's library or libraries, with the help of a private contractor that will employ library staff, the requirements of Section 19104.5 shall also apply. (b) When a city or library district files a notice pursuant to subdivision (a), it shall remain a member of the county free library system until July 1 of the base year or the date on which property is transferred pursuant to subdivision (c), whichever date is later. Upon ceasing to be a member of the county free library system, the city or library district shall not participate in any benefits of the county free library system, and shall assume the responsibility for the provision of library services within its jurisdiction. Unless 96 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 5— AB 438 otherwise agreed by July 1 of the base year in writing by the Board of Supervisors of Los Angeles County or the Board of Supervisors of Riverside County, as appropriate, and the withdrawing city or library district, an amount of property tax revenue equal to the property tax revenues allocated to the county free library system pursuant to Article 2 (commencing with Section 96) of Chapter 6 of Part 0.5 of Division 1 of the Revenue and Taxation Code in the fiscal year prior to the base year and that were derived from property situated within the boundaries of the withdrawing entity shall be allocated to and used to maintain library services by the withdrawing entity in the base year and, adjusted forward, in each fiscal year thereafter at the same time allocations are made pursuant to Article 2 (commencing with Section 96) of Chapter 6 of Part 0.5 of Division 1 of the Revenue and Taxation Code. This subdivision shall not apply to property tax revenues that have been pledged to repay bonded indebtedness of the county free library system. (c) If there are one or more county library facilities within the territorial boundaries of the withdrawing entity at the time the withdrawing entity provides notice pursuant to subdivision (a), the withdrawing entity shall have the right to acquire any or all of those facilities from the county and the county shall, no later than July 1 of the base year, transfer to the withdrawing entity each facility to be acquired and the personal property therein related to the provision of library services. If the facility or personal property was purchased with bond proceeds or other forms of indebtedness, acquisition shall only take place if the withdrawing entity assumes any remaining indebtedness and in no way impairs the repayment thereof. If the withdrawing entity opts not to acquire any facilities or personal property, the county at its discretion may dispose of the facilities or personal property or convert the use of those facilities or personal property, including transferring collections and other personal property to other sites and converting facilities to other purposes. If the withdrawing entity opts to acquire any facilities or personal property, the acquisition prices shall be as follows unless otherwise provided for by statute or contract: (1) Each county library facility which, for the purposes of this section, shall include the real property upon which the facility is located and any fixtures therein and shall not include computer systems and software, shall be transferred for the lesser of: 96 q1 AB 438 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 (A) No cost, if the facility was donated to the county by the withdrawing entity. (B) The price paid to the withdrawing entity by the county for the facility, if the county bought the facility from the withdrawing entity. However, if the county constructed capital improvements to the facility after it was bought from the withdrawing entity, the county's total out-of-pocket costs for the capital improvement excluding any costs for routine repairs, restoration or maintenance, shall be added to the price. (C) The fair market value of the facility. However, if any portion of the facility was donated to the county by the withdrawing entity or if any moneys were donated by the withdrawing entity towards the county's construction or acquisition of the facility, or any portion thereof, the value of the donation shall be subtracted from the fair market value. (2) Any personal property within the facility related to the provision of library services, including books and resource materials, computer systems and software, furniture, and furnishings, shall be transferred for the lesser of: (A) No cost, if the property was donated to the county by the withdrawing entity. (B) The fair market value of the personal property. However, on or before the March 1 preceding the July 1 of the base year, the county librarian may designate collections bf resource books and materials that are unique in, and integral to, the county free library system to be special collections. The special collections shall be acquired by the withdrawing entity only upon mutually agreeable terms and conditions. (d) If a facility transferred pursuant to subdivision (c) serves residents of surrounding jurisdictions, the board of supervisors governing the county free library system may require, as a condition of transferring the facility, that the library services provided by the withdrawing entity to its residents also be available on the same basis to the residents of the surrounding jurisdictions. However, if the withdrawing entity contributes to the provision of library services from other city funds, or through taxes, assessments, or fees of its residents, the withdrawing entity may provide additional services to its residents. If the requirement to provide regional services is imposed and, unless otherwise agreed in writing by the county and the withdrawing entity by July 1 of 96 -7— AB 438 1 the base year, an amount of property tax revenues equal to the 2 property tax revenues derived from property situated in the 3 surrounding jurisdictions which were, in the fiscal year prior to 4 the base year, allocated to the county free library system pursuant 5 to Article 2 (commencing with Section 96) of Chapter 6 of Part 6 0.5 of Division 1 of the Revenue and Taxation Code shall be 7 allocated to and used to maintain library services by the 8 withdrawing entity in the base year and, adjusted forward, in each 9 fiscal year thereafter at the same time other allocations are made 10 pursuant to Article 2 (commencing with Section 96) of Chapter 6 11 of Part 0.5 of Division 1 of the Revenue and Taxation Code. This 12 subdivision shall not apply to property tax revenues that have been 13 pledged to repay bonded indebtedness. If a surrounding jurisdiction 14 subsequently provides notice of its intent to withdraw from the 15 county free library system pursuant to subdivision (a), on the date 16 the surrounding jurisdiction ceases to participate in the benefits of 17 the county free library system pursuant to subdivision (b), the 18 withdrawing entity shall no longer be required to make library 19 services available to the residents of the surrounding jurisdiction 20 and property tax revenues derived from property situated in the 21 surrounding jurisdiction shall no longer be allocated to the 22 withdrawing entity pursuant to this subdivision. 23 (e) For purposes of this section, the following terms are defined 24 as follows: 25 (1) "Base year" means the fiscal year commencing on the July 26 1 following the December 2 following the date of the notice given 27 pursuant to subdivision (a) of this section. 28 (2) "Fair market value" means: 29 (A) Any value agreed upon by the withdrawing entity and the 30 county. 31 (B) If no agreement as to value is reached by the March 1 32 preceding the July 1 of the base year, the value assigned by an 33 appraiser agreed upon by the withdrawing entity and the county. 34 (C) If no agreement as to the appointment of an appraiser is 35 reached pursuant to subparagraph (B) by the April 1 preceding the 36 July 1 of the base year, the value assigned by an appraiser agreed 37 upon between the withdrawing entity's appraiser and the county's 38 appraiser. 39 (D) If no agreement as to the appointment of an appraiser is 40 reached pursuant to subparagraph (C) by the May 1 preceding the 96 q 0� AB 438 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 —8— July I of the base year, the value assigned by a state certified appraiser designated by the withdrawing entity. The designated appraiser shall provide the appraisal in writing to the county no later than the June 1 preceding the July 1 of the base year. (E) The withdrawing entity shall reimburse the county for any appraisal costs the county incurs in determining the fair market value pursuant to this section. (3) "Surrounding jurisdictions" means cities and library districts that are adjacent to the withdrawing entity and tax rate areas in unincorporated areas of the county that are wholly or partially within the withdrawing entity's sphere of influence, that are within the county free library system and have no facility within their territorial boundaries providing library services at the time the withdrawing entity provides notice pursuant to subdivision (a). SEC. 4. If the Commission on State Mandates determines that this act contains costs mandated by the state, reimbursement to local agencies and school districts for those costs shall be made pursuant to Part 7 (commencing with Section 17500) of Division 4 of Title 2 of the Government Code. .J 01 5�