Louise Lucas
- Democratic
- Senator
- District 18
Primary
Motion picture production tax credit; media related exemptions. Extends from January 1, 2022, to January 1, 2027, the sunset of the motion picture production tax credit and transfers the certifying authority for the credit from the Virginia Film Office to the Virginia Tourism Authority. The bill also extends from July 1, 2022, to July 1, 2027, the sunset for certain sales tax exemptions related to film production and distribution. This bill is identical to HB 1318.
Motion picture production tax credit. Extends the sunset date of the motion picture production tax credit from 2022 to 2025.
Motion picture production tax credit; aggregatecap. Increases beginning in fiscal year 2020 the aggregate limiton the amount of motion picture production tax credits that may beissued from $6.5 million to $13 million annually. The bill providesthat the increase to the cap shall be reserved for productions filmedin economically distressed areas of Virginia.
Approved by Governor-Chapter 967 (effective 7/1/20)
Impact statement from TAX (SB923ER)
Governor's Action Deadline 11:59 p.m., April 11, 2020
Enrolled Bill Communicated to Governor on March 12, 2020
Signed by Speaker
Signed by President
Enrolled
Title replaced 20108312D-H1
House substitute agreed to by Senate (33-Y 6-N)
VOTE: Passage (72-Y 27-N)
Passed House with substitute (72-Y 27-N)
Engrossed by House - committee substitute SB923H1
Committee substitute agreed to 20108312D-H1
Read third time
Read second time
Committee substitute printed 20108312D-H1
Reported from Finance with substitute (15-Y 7-N)
House subcommittee amendments and substitutes offered
Subcommittee recommends reporting with substitute (8-Y 1-N)
Assigned Finance sub: Subcommittee #1
Referred to Committee on Finance
Read first time
Placed on Calendar
Impact statement from TAX (SB923S1)
Read third time and passed Senate (36-Y 4-N)
Passed by temporarily
Read second time
Engrossed by Senate - committee substitute SB923S1
Committee substitute agreed to 20106761D-S1
Reading of substitute waived
Constitutional reading dispensed (40-Y 0-N)
Reported from Finance and Appropriations with substitute (12-Y 1-N)
Committee substitute printed 20106761D-S1
Impact statement from TAX (SB923)
Referred to Committee on Finance and Appropriations
Presented and ordered printed 20104698D
| Bill Text Versions | Format |
|---|---|
| Impact statement from TAX (SB923) | HTML |
| Engrossed by Senate - committee substitute SB923S1 | HTML |
| Engrossed by House - committee substitute SB923H1 | HTML |
| Bill text as passed Senate and House (SB923ER) | HTML |
| Acts of Assembly Chapter text (CHAP0967) | HTML |
| Document | Format |
|---|---|
| No related documents. |
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