Bill Text: CT HB05491 | 2016 | General Assembly | Comm Sub

---

Bill Title: An Act Concerning The Film Tax Credit.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2016-04-14 - File Number 607 [HB05491 Detail]

Download: Connecticut-2016-HB05491-Comm_Sub.html

---

General Assembly		Raised Bill No. 5491
February Session, 2016		LCO No. 2342
		*_____HB05491FIN___032916____*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
(FIN)

AN ACT CONCERNING THE FILM TAX CREDIT.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subdivision (3) of subsection (a) of section 12-217jj of the 2016 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):

(3) (A) "Qualified production" means entertainment content created in whole or in part within the state, including motion pictures, except as otherwise provided in this subparagraph; documentaries; long-form, specials, mini-series, series, sound recordings, videos and music videos and interstitials television programming; interactive television; relocated television production; interactive games; videogames; commercials; any format of digital media, including an interactive web site, created for distribution or exhibition to the general public; and any trailer, pilot, video teaser or demo created primarily to stimulate the sale, marketing, promotion or exploitation of future investment in either a product or a qualified production via any means and media in any digital media format, film or videotape, provided such program meets all the underlying criteria of a qualified production. For the state fiscal years ending June 30, 2014, June 30, 2015, June 30, 2016, and June 30, 2017, "qualified production" shall not include a motion picture that has not been designated as a state-certified qualified production prior to July 1, 2013, and no tax credit voucher for such motion picture may be issued during said years, except, for the state fiscal years ending June 30, 2015, June 30, 2016, and June 30, 2017, "qualified production" shall include (i) a motion picture for which twenty-five per cent or more of the principal photography shooting days are in this state at a facility that receives not less than twenty-five million dollars in private investment and opens for business on or after July 1, 2013, and a tax credit voucher may be issued for such motion picture, or (ii) a production for which at least half of the entertainment content is produced in this state, at least half of the personnel reside in this state and the total cost of production is less than two million dollars, and a tax credit voucher may be issued for such production.

(B) "Qualified production" shall not include any ongoing television program created primarily as news, weather or financial market reports; a production featuring current events, other than a relocated television production, sporting events, an awards show or other gala event; a production whose sole purpose is fundraising; a long-form production that primarily markets a product or service; a production used for corporate training or in-house corporate advertising or other similar productions; or any production for which records are required to be maintained under 18 USC 2257 with respect to sexually explicit content.

This act shall take effect as follows and shall amend the following sections:
Section 1	from passage	12-217jj(a)(3)

FIN

Joint Favorable