Motion picture production; amends tax credit. (SB1451)

Introduced By

Sen. Louise Lucas (D-Portsmouth)

Progress

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

Description

Motion picture production tax credit. Amends the motion picture production tax credit by allowing a 20% credit for a production for which 80% of the filming or production takes place in the Commonwealth at a federally designated Historically Underutilized Business Zone, at a federal landmark, or in a federal historic district. There would be no sunset for the credits that meet these criteria, and the credits would not be subject to the $6.5 million aggregate cap. The bill also clarifies that the Department of Taxation shall annually publish certain information about the credit regardless of the number of taxpayers that claim the credit. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/16/2017Presented and ordered printed 17103248D
01/16/2017Referred to Committee on Finance
01/22/2017Impact statement from TAX (SB1451)
01/31/2017Stricken at request of Patron in Finance (16-Y 0-N) (see vote tally)