Motion picture film production; provides income tax credits to any company with qualifying expenses. (SB257)

Introduced By

Progress

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

Description

Motion picture film production tax credits. Provides income tax credits to any motion picture production company with qualifying expenses of at least $250,000 with respect to a film production in the Commonwealth, for taxable years beginning on or after January 1, 2010. Total credits allowed for any biennium cannot exceed $10 million. View Full Text »

Outcome

Bill Has Passed

View Bill's History

01/12/2010 Prefiled and ordered printed; offered 01/13/10 10103581D
01/12/2010 Referred to Committee on Finance
01/29/2010 Impact statement from TAX (SB257)
02/03/2010 Committee substitute printed 10105037D-S1
02/03/2010 Reported from Finance with substitute (15-Y 0-N) (see vote tally)
02/04/2010 Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/08/2010 Read second time
02/08/2010 Reading of substitute waived
02/08/2010 Committee substitute agreed to 10105037D-S1
02/08/2010 Engrossed by Senate - committee substitute SB257S1
02/09/2010 Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/17/2010 Placed on Calendar
02/17/2010 Read first time
02/17/2010 Referred to Committee on Appropriations
02/19/2010 Impact statement from TAX (SB257S1)
02/23/2010 Assigned App. sub: Economic Development, Agriculture and Natural Resources
02/26/2010 Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
03/01/2010 Reported from Appropriations with substitute (22-Y 0-N) (see vote tally)
03/01/2010 Committee substitute printed 10105623D-H1
03/03/2010 Read second time
03/03/2010 Constitutional reading dispensed (97-Y 0-N)
03/03/2010 VOTE: --- AGREE TO MOTION (97-Y 0-N) (see vote tally)
03/03/2010 Committee substitute agreed to 10105623D-H1
03/03/2010 Engrossed by House - committee substitute SB257H1
03/03/2010 Passed House with substitute (82-Y 16-N)
03/03/2010 VOTE: --- PASSAGE (82-Y 16-N) (see vote tally)
03/03/2010 House substitute rejected by Senate (1-Y 36-N) (see vote tally)
03/03/2010 House insisted on substitute
03/03/2010 House requested conference committee
03/03/2010 Senate acceded to request (39-Y 0-N) (see vote tally)
03/03/2010 Conferees appointed by Senate
03/03/2010 Senators: Lucas, Whipple, Hanger
03/03/2010 Conferees appointed by House
03/03/2010 Delegates: Cline, Cox, M.K., McClellan
03/08/2010 Conference report agreed to by Senate (39-Y 1-N) (see vote tally)
03/08/2010 Conference report agreed to by House (78-Y 18-N 1-A)
03/08/2010 VOTE: --- ADOPTION (78-Y 18-N 1-A) (see vote tally)
03/08/2010 Conference substitute printed 10105938D-S2
03/12/2010 Enrolled
03/12/2010 Bill text as passed Senate and House (SB257ER)
03/13/2010 Signed by Speaker
03/15/2010 Signed by President
03/18/2010 Impact statement from TAX (SB257ER)
04/11/2010 G Approved by Governor-Chapter 599 (effective 7/1/10)
04/11/2010 G Acts of Assembly Chapter text (CHAP0599)

Duplicate Bills

The following bills are identical duplicates of this one: HB861.

Poll Results

3 votes

Bill Text

Related Bills

SB657
Introduced: January 20, 2010
Status: Failed to Pass in Committee
: Income tax, corporate; renewable energy products tax credit.
HB1360
Introduced: January 22, 2010
Status: Failed to Pass in Committee
: Income tax, state; telework expenses tax credit.
SB472
Introduced: January 13, 2010
Status: signed by governor
: Major business facility job tax credit; reduces number of qualified full-time jobs required.
HB624
Introduced: January 12, 2010
Status: signed by governor
: Major business facility job tax credit; business that creates at least 50 qualified full-time jobs.
HB1132
Introduced: January 13, 2010
Status: Failed to Pass in Committee
: Income tax, corporate; Renewable Energy Job Creation tax credit.

Keep track of the status of this bill as it moves through the General Assembly—subscribe via RSS.