Virginia Senate Bill 1451 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 16 2017 - 25% progression, died in chamber
Action: 2017-01-31 - Stricken at request of Patron in Finance (16-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

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 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.

Motion picture production; amends tax credit.

Sen. Louise Lucas [D]

2017-01-31 - Senate - Senate: Stricken at request of Patron in Finance (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2017-01-31	Senate	Stricken at request of Patron in Finance (16-Y 0-N)
2017-01-16	Senate	Referred to Committee on Finance
2017-01-16	Senate	Presented and ordered printed 17103248D

Chapter	Article	Section	Citation Type	Statute Text
58	1	439.12:03	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+SB1451
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB1451+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+S05V0117+SB1451