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:
Those copatrons are Del. Mamye BaCote (D-Newport News), Del. Onzlee Ware (D-Roanoke), Sen. Roz Dance (D-Petersburg), Sen. John Edwards (D-Roanoke), Sen. Jennifer McClellan (D-Richmond), Sen. Roscoe Reynolds (D-Martinsville)
Progress
✓ |
Introduced |
✗ |
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. Read the Bill »
Outcome
History
Date | Action |
---|---|
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) |
Comments
Passage would help attract film production in Virginia with resulting economic benefits. This is an environmentally clean profession.
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.
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.