Indiana House Bill 1579 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 20 2011 - 25% progression, died in committee
Action: 2011-01-20 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Provides an adjusted gross income tax credit against expenditures for the construction of certain motion picture or audio production facilities. Requires the Indiana economic development corporation's approval of the expenditures. Provides that the credit is equal to: (1) 10% of a taxpayer's approved qualified expenditures for the construction of a motion picture or audio production facility if the cost of the facility does not exceed $1,000,000; and (2) 25% of the approved qualified expenditures for the construction of a motion picture or audio production facility if the cost of the facility exceeds $1,000,000.

Film and music facility tax credit.

Rep. Terri Jo Austin [D]

Date	Chamber	Action
2011-01-20		First reading: referred to Committee on Ways and Means
2011-01-20		Authored by Representative Austin

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2011&session=1&request=getBill&doctype=HB&docno=1579
Text	http://www.in.gov/legislative/bills/2011/IN/IN1579.1.html