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House Bill 1579


House Bill 1579

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


Film and music facility tax credit. Provides an adjusted gross income tax credit against expenditures for the construction of certain motion picture or audio production facilities. Requires the Indiana economic development corporation's approval of the expenditures. Provides that the credit is equal to: (1) 10% of a taxpayer's approved qualified expenditures for the construction of a motion picture or audio production facility if the cost of the facility does not exceed $1,000,000; and (2) 25% of the approved qualified expenditures for the construction of a motion picture or audio production facility if the cost of the facility exceeds $1,000,000.
Current Status:
 In Committee - first House
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