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Senate Bill 0130


Senate Bill 0130

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


Media production expenditure tax credit. For purposes of the media production expenditure tax credit, decreases (from $100,000 to $50,000) the amount of qualified production expenditures that must be made on a feature length film or a television series, program, or feature before a taxpayer may qualify for the credit. For purposes of the media production expenditure tax credit, increases the credit percentage from 15%: (1) to 40%, in the case of qualified production expenditures paid to an individual or entity located in an economically distressed municipality or county; or (2) to 35%, in the case of other qualified production expenditures. Provides that the media production expenditure tax credit expires January 1, 2014 (rather than January 1, 2012, under current law).
    Current Status:
     In Committee - first House
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