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2017 SESSION

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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.


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