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2014 SESSION

• | print version

SB 46 Motion picture production; increases percentage of company's qualifying expenses for tax credit.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Motion picture production tax credit. Increases the percentage of the production company's qualifying expenses that can be taken as a refundable credit from 15 to 20 percent and increases the alternative option of taking the percentage of such expenses if the production is filmed in an economically distressed area of the Commonwealth from 20 to 25 percent. The bill also increases the total amount of the credit that can be given to taxpayers for bienniums after the 2010-2012 biennium from $5 million to $25 million and establishes a sunset of January 1, 2024, for productions that use interactive media production.

FULL TEXT

• 12/16/13  Senate: Prefiled and ordered printed; offered 01/08/14 14101906D  pdf | impact statement

HISTORY

• 12/16/13  Senate: Prefiled and ordered printed; offered 01/08/14 14101906D
• 12/16/13  Senate: Referred to Committee on Finance
• 02/04/14  Senate: Stricken at request of Patron in Finance (17-Y 0-N)