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VA SB923
VA SB923Motion picture production tax credit; media-related exemptions, extends sunset provision.
summary
Introduced
01/09/2020
01/09/2020
In Committee
02/19/2020
02/19/2020
Crossed Over
02/24/2020
02/24/2020
Passed
03/04/2020
03/04/2020
Dead
Signed/Enacted/Adopted
04/09/2020
04/09/2020
Introduced Session
2020 Regular Session
Bill Summary
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.
AI Summary
This bill extends the sunset of the motion picture production tax credit in Virginia from January 1, 2022 to January 1, 2027 and transfers the certifying authority for the credit from the Virginia Film Office to the Virginia Tourism Authority. It also extends the sunset for certain sales tax exemptions related to film production and distribution from July 1, 2022 to July 1, 2027. The bill provides details on the eligibility requirements, application process, and reporting requirements for the motion picture production tax credit.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Governor: Acts of Assembly Chapter text (CHAP0967) (on 04/09/2020)
Official Document
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