Virginia Senate Bill 46 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 16 2013 - 25% progression, died in chamber
Action: 2014-02-04 - Stricken at request of Patron in Finance (17-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Motion picture production tax credit. Increases the percentage of the production company's qualifying expenses that can be taken as a refundable credit from 15 to 20 percent and increases the alternative option of taking the percentage of such expenses if the production is filmed in an economically distressed area of the Commonwealth from 20 to 25 percent. The bill also increases the total amount of the credit that can be given to taxpayers for bienniums after the 2010-2012 biennium from $5 million to $25 million and establishes a sunset of January 1, 2024, for productions that use interactive media production.

Motion picture production; increases percentage of company's qualifying expenses for tax credit.

Sen. John Watkins [R]

2014-02-04 - Senate - Senate: Stricken at request of Patron in Finance (17-Y 0-N) (Y: 17 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2014-02-04	Senate	Stricken at request of Patron in Finance (17-Y 0-N)
2013-12-16	Senate	Referred to Committee on Finance
2013-12-16	Senate	Prefiled and ordered printed; offered 01/08/14 14101906D

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?141+sum+SB46
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+SB46+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+S05V0116+SB0046