Motion pictures; modifies income tax credit. (HB2053)

Introduced By

Del. Terry Kilgore (R-Gate City) with support from co-patron Del. Mark Keam (D-Vienna)

Progress

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

Description

Income tax; motion picture tax credit. Modifies the motion picture income tax credit by (i) increasing the maximum amount of tax credits available in each fiscal year after fiscal year 2016 from $6.5 million to $15 million and (ii) extending the sunset date from January 1, 2019, to January 1, 2020. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/14/2015Committee
01/14/2015Prefiled and ordered printed; offered 01/14/15 15102489D
01/14/2015Referred to Committee on Finance
01/20/2015Assigned Finance sub: Subcommittee #3
01/22/2015Impact statement from TAX (HB2053)
02/10/2015Left in Finance

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 45 seconds.