Motion picture production; increases aggregate cap on amount of tax credits. (HB1533)

Introduced By

Del. Terry Kilgore (R-Gate City)

Progress

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

Description

Motion picture production tax credit; aggregate cap. Increases beginning in fiscal year 2020 the aggregate limit on the amount of motion picture production tax credits that may be issued from $6.5 million to $13 million annually. The bill provides that the increase to the cap shall be reserved for productions filmed in economically distressed areas of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2020Committee
01/10/2020Presented and ordered printed 20104743D
01/10/2020Referred to Committee on Finance
01/28/2020Impact statement from TAX (HB1533)
01/29/2020Assigned Finance sub: Subcommittee #1
02/03/2020Subcommittee recommends reporting with amendments (8-Y 2-N)
02/03/2020Subcommittee recommends referring to Committee on Appropriations
02/05/2020Reported from Finance with amendment (14-Y 8-N) (see vote tally)
02/05/2020Referred to Committee on Appropriations
02/11/2020Left in Appropriations

Duplicate Bills

The following bills are identical to this one: SB923.

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