HB 2012

Abstract

Film industry community zones; local designation. Allows localities to establish, by ordinance, one or more zones in a film industry community, defined in the bill as a community that has a film industry presence or the potential of a film industry presence within the designated area and where such presence drives, or has the potential to drive, significant economic activity. The bill provides that a locality, or another political subdivision acting on behalf of the locality, may offer unique benefits to film industry businesses, along with related businesses that serve the needs of the film industry, looking to locate within a film industry community zone, including the reduction of certain fees and taxes. In addition, the bill provides that local governing bodies are authorized to enter into agreements for the payment of economic development incentive grants to such businesses. The bill also allows a governing body to provide for certain regulatory flexibility and incentives and provides that the establishment of a film industry community zone does not preclude a filmmaker from participating in the Governor's Motion Picture Opportunity Fund and the motion picture production tax credit.

A BILL to amend the Code of Virginia by adding in Chapter 38 of Title 58.1 an article numbered 12.2, consisting of a section numbered 58.1-3853.2, relating to local film industry community zones.