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SB923

Motion picture production; tax credits for certain companies.

Status:
In Conference

Latest Action: Feb. 24, 2020
House: Committee substitute agreed to 20108312D-H1

Chief Patron:
Louise Lucas (D)

Session:
2020 Regular Session

Summary

As introduced. 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.
  • Bill History

  • 01/09/2020 - Senate: Presented and ordered printed 20104698D
  • 01/09/2020 - Senate: Referred to Committee on Finance and Appropriations
  • 01/26/2020 - Senate: Impact statement from TAX (SB923)
  • 01/30/2020 - Senate: Reported from Finance and Appropriations with substitute (12-Y 1-N)
  • 01/30/2020 - Senate: Committee substitute printed 20106761D-S1
  • 02/03/2020 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/04/2020 - Senate: Read second time
  • 02/04/2020 - Senate: Reading of substitute waived
  • 02/04/2020 - Senate: Committee substitute agreed to 20106761D-S1
  • 02/04/2020 - Senate: Engrossed by Senate - committee substitute SB923S1
  • 02/05/2020 - Senate: Passed by temporarily
  • 02/05/2020 - Senate: Read third time and passed Senate (36-Y 4-N)
  • 02/11/2020 - Senate: Impact statement from TAX (SB923S1)
  • 02/12/2020 - House: Placed on Calendar
  • 02/12/2020 - House: Read first time
  • 02/12/2020 - House: Referred to Committee on Finance
  • 02/13/2020 - House: Assigned Finance sub: Subcommittee #1
  • 02/17/2020 - House: Subcommittee recommends reporting with substitute (8-Y 1-N)
  • 02/17/2020 - House: House subcommittee amendments and substitutes offered
  • 02/19/2020 - House: Committee substitute printed 20108312D-H1
  • 02/19/2020 - House: Reported from Finance with substitute (15-Y 7-N)
  • 02/21/2020 - House: Read second time
  • 02/24/2020 - House: Read third time
  • 02/24/2020 - House: Committee substitute agreed to 20108312D-H1
  • 02/24/2020 - House: Engrossed by House - committee substitute SB923H1
  • 02/24/2020 - House: Passed House with substitute (72-Y 27-N)
  • 02/24/2020 - House: VOTE: Passage (72-Y 27-N)