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 (“(Effective until July 1, 2012) Exemptions.”), § 58.1-439.12:02 (“Biodiesel and green diesel fuels producers tax credit.”), § 58.1-609.6 (“Media-related exemptions.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
View Bill's History
