Ladies and gentlemen we're not going to bring
up our final bill of the day and we will take
a moment to say thank you to assemblywoman Rivas
reverse please if you don't mind come forward
Assemblywoman
The Assemblywoman brought forward this idea
that not by any other industry or group but
that this was an issue that was important
to her we wanted knowledge your hard work
on the shared values tax credit you have been
put in a lot of blood sweat and tears into
this issue we just want to say thank you I
and we also want to say thank you for working
with the committee on this bill we're gonna
turn it over to the assemblywoman to be able to
present them open it up for questions or comments
from the committee assemblywoman of the floor is yours
a good morning Mr chair and members and
first I'd also like to start off by thanking
you and the committee for helping with this
legislation you know the the your committee
staff was invaluable in helping craft this
and so now I'm very excited to be here to
presented I will be accepting the committee's
proposed amendments that reduced reduce the
allocation amount to $50 million per year over
5 years and also the technical cleanup language
of AB 1442 establishes the share our values
film tax credit and with the proposed amendments
would allocate $50 million per year for 5 years
for film production relocation from state
seeking to restrict women's reproduction rights
operationally the legislation mimics the existing
film tax credit 3.0 that means that the film
commission provides oversight and develops
rules and guidelines credits will be issued
on a first come first serve basis and as and
this is only open to applicants who did not
receive relocation tax credits under the existing
3.0 program similar to the process established
in the 3.0 film tax credit which requires
an applicant to submit a narrative statement
in order to receive a relocation credit AB 1442
requires that the applicant submitted
narrative statement describing how they share
California's values in regards to women's
reproductive rights.
It's important to note that several other
states and countries have actively recruited
the film industry from California mainly through
extensive tax credit programs recently New
Mexico New York Illinois and others have sought
to entice industries filming in states with
strict abortion laws to relocate their production
to those states in California the film industry
is one of our flagship industries California's
film tax credit not only generates corporate
income tax and personal income tax revenues
but more importantly we are not forcing these
employees to seek work in states that have
shown they do not value women or their reproductive
rights for context on the economic benefits
of the film industry according to recent studies
with a $250 million investment approve productions
would generate nearly $1.9 billion of direct
in state spending this means $700 million and
qualified wages $600 million and qualified vendor
expenditures and the hiring of more than 6000
cast and 9000 crew members the commission
study helps quantify the labor and economic
benefits of further investing in this film
tax credit.
Well these figures are impressive there are
other facts and figures that are equally noteworthy
Alabama recently banned abortion from the
time a woman is known to be pregnant with
no exceptions for rape and incest Georgia
banned abortions at 6 weeks the state can
investigate women's miscarriages and doctors
could be sentenced to up to 10 years in prison
I should also mention that Georgia has the
second worst maternal mortality
rates in the US it's 10 times higher than
California.
Unfortunately I could go on and on.
These are the same states that have systematically
lowered film production from California AB
1442 provides the film industry an opportunity
to show they stand with women and share our
values while bringing critical jobs back to
our state.
