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

Introduced By

Sen. Louise Lucas (D-Portsmouth)

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. Read the Bill »

Outcome

Bill Has Passed

History

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

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 25 seconds.

Duplicate Bills

The following bills are identical to this one: HB861.