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2017 SESSION

• | print version

SB 1451 Motion picture production; amends tax credit.

Introduced by: L. Louise Lucas | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Motion picture production tax credit. Amends the motion picture production tax credit by allowing a 20% credit for a production for which 80% of the filming or production takes place in the Commonwealth at a federally designated Historically Underutilized Business Zone, at a federal landmark, or in a federal historic district. There would be no sunset for the credits that meet these criteria, and the credits would not be subject to the $6.5 million aggregate cap. The bill also clarifies that the Department of Taxation shall annually publish certain information about the credit regardless of the number of taxpayers that claim the credit.

FULL TEXT

• 01/16/17  Senate: Presented and ordered printed 17103248D  pdf | impact statement

HISTORY

• 01/16/17  Senate: Presented and ordered printed 17103248D
• 01/16/17  Senate: Referred to Committee on Finance
• 01/31/17  Senate: Stricken at request of Patron in Finance (16-Y 0-N)