Provide the copyright registration and certificate numbers when claiming these credits.Include a separate California Motion Picture and Television Production Credit (FTB 3541) to claim each of these credits.How to applyĬreate an account and apply at California Film & Television Tax Credit Program. Tax credits are allocated and certified by the California Film Commission (CFC). If the credit was generated by a Single Member Limited Liability Company (SMLLC), treated as a disregarded entity, the limitations regarding the amount of credit that can be used by the owner of the disregarded entity will apply.ĭirect your questions by email to Check if you qualify You cannot use this credit to reduce the Alternative Minimum Tax. If you are an individual, you cannot use the credit to reduce tax below TMT. If you are a corporation, you may use the Original and New California Motion Picture and Television Production Credit to reduce tax below your Tentative Minimum Tax (TMT).
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