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