Motion picture production companies; expands tax incentives. (SB667)

Introduced By

Sen. Louise Lucas (D-Portsmouth) with support from 6 copatrons, whose average partisan position is:

Progress

√
 Introduced
X
 Passed Committee
☐
 Passed House
☐
 Passed Senate
☐
 Signed by Governor
☐
 Became Law

Description

Income, retail sales and use, and motor vehicle sales and use taxes; motion picture production company tax incentives. Provides for and expands a series of tax incentives for motion picture production companies that make films and episodic television series in the Commonwealth. The tax incentives include refundable income tax credits, retail sales and use tax exemptions, and motor vehicle sales tax exemptions. Amends § 58.1-2403, § 58.1-439.12:02, § 58.1-609.6, of the Code of Virginia. View Full Text »

Outcome

Bill Has Failed

History

  • 01/10/2008 Presented and ordered printed
  • 01/10/2008 Unanimous consent to introduce
  • 01/10/2008 Unanimous consent to introduce (36-Y 0-N) (see vote tally)
  • 01/10/2008 Presented and ordered printed 081915260
  • 01/10/2008 Referred to Committee on Finance
  • 01/28/2008 Impact statement from TAX (SB667)
  • 01/30/2008 Continued to 2009 in Finance (16-Y 0-N) (see vote tally)

Duplicate Bills

The following bills are identical duplicates of this one: HB1393.

Comments

Charlie T. writes:

Passage would help attract film production in Virginia with resulting economic benefits. This is an environmentally clean profession.

Posted 65 months ago.
Marty T writes:

As a member and past chair of the Hampton Roads Chapter of the Virginia Production Alliance, an actress, and former talent agent who has been professionally involved in economic development, I
strongly urge passage of HB 1393. Virginia can meet
many of its financial needs by providing strong tax incentives to help attract and retain media production and personnel with tremendous economic and cultural benefits.

Posted 65 months ago.
Marty T writes:

Virginia must act vigorously to protect and enhance its competitive stance in the film industry if it is to retain its creative work force and to enjoy the economic benefits now rapidly migrating to other states with strong incentive programs.

As a dedicated member of the Virginia Production
Alliance and the production community, I strongly
urge support of the Motion Picture Incentive Act
of 2008, SB 667.

Posted 65 months ago.