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2014 SESSION

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HB 460 Income tax; motion picture production credit.

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

SUMMARY AS PASSED: (all summaries)

Income tax; motion picture production credit. Changes the motion picture production income tax credit by (i) increasing the total cap for all such credits from $5 million per biennium to $6.5 million each fiscal year and (ii) having the credit expire on December 31, 2018. The bill also requires the Department of Taxation to publish information regarding the credit even if such information is not classified so as to prevent the identification of the taxpayer claiming the credit.


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