Effective May 19, 2010 the California Film Commission (CFC) adopted eight final regulations that implement the Film and Television Tax Credit Program; which was previously adopted as an emergency regulation. The final regulations specify the process for the tax credit application and certificate issuance process, the application's contents, and the kind of production and wage expenditure that qualify. The CFC has issued a release summarizing the more significant changes in the regulations, including the following requirements:
(1) All productions' Financing Sources Report must be accompanied by documentation confirming at least 60% of the production's financing
(2) A new TV series for basic cable must have a running time of no less than 60 minutes
(3) A miniseries must consist of two or more episodes with a total running time of at least 150 program minutes.
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