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2020 SESSION

• | print version

HB 1533 Motion picture production; increases aggregate cap on amount of tax credits.

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Motion picture production tax credit; aggregate cap. Increases beginning in fiscal year 2020 the aggregate limit on the amount of motion picture production tax credits that may be issued from $6.5 million to $13 million annually. The bill provides that the increase to the cap shall be reserved for productions filmed in economically distressed areas of Virginia.

FULL TEXT

• 01/10/20  House: Presented and ordered printed 20104743D  pdf | impact statement

AMENDMENTS

• House subcommittee amendments and substitutes adopted
• House committee amendments reported

HISTORY

• 01/10/20  House: Presented and ordered printed 20104743D
• 01/10/20  House: Referred to Committee on Finance
• 01/29/20  House: Assigned Finance sub: Subcommittee #1
• 02/03/20  House: Subcommittee recommends reporting with amendments (8-Y 2-N)
• 02/03/20  House: Subcommittee recommends referring to Committee on Appropriations
• 02/05/20  House: Reported from Finance with amendment (14-Y 8-N)
• 02/05/20  House: Referred to Committee on Appropriations
• 02/11/20  House: Left in Appropriations