SB1451
Motion picture production; amends tax credit.
Summary
As Introduced. 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 ... (More) 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. (Less)-
Bill History
- 01/16/2017 - Senate: Presented and ordered printed 17103248D
- 01/16/2017 - Senate: Referred to Committee on Finance
- 01/22/2017 - Senate: Impact statement from TAX (SB1451)
- 01/31/2017 - Senate: Stricken at request of Patron in Finance (16-Y 0-N)
