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Legislation


2009 Regular Session

SENATE BILL 596

File Code: Taxes - Income Crossfiled with: HOUSE BILL 908
Sponsored By:
Senators Kasemeyer, Brinkley, Currie, DeGrange, Della, Edwards, Garagiola, Jones, King, Kittleman, Klausmeier, Kramer, Madaleno, McFadden, Middleton, Munson, Peters, Pugh, Robey, and Stone
Entitled:
Income Tax - Film Production Activity Credit

Synopsis:

Allowing a qualified film production entity to claim a credit against the State income tax for specified costs incurred for film production activities; repealing the Film Production Rebate Program; requiring the Department of Business and Economic Development to administer the credit; requiring that the estimated total direct costs incurred in the State exceed $500,000; providing that the total direct costs may not include wages that exceed $1,000,000; applying the Act to taxable years beginning after 2008; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/6
First Reading Budget and Taxation
2/27
Hearing 3/11 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Edward J. Kasemeyer, District 12
Senator David R. Brinkley, District 4
Senator Ulysses Currie, District 25
Senator James E. DeGrange, Sr., District 32
Senator George W. Della, Jr., District 46
Senator George C. Edwards, District 1
Senator Rob Garagiola, District 15
Senator Verna L. Jones, District 44
Senator Nancy J. King, District 39
Senator Allan H. Kittleman, District 9
Senator Katherine Klausmeier, District 8
Senator Rona E. Kramer, District 14
Senator Richard S. Madaleno, Jr., District 18
Senator Nathaniel J. McFadden, District 45
Senator Thomas M. Middleton, District 28
Senator Donald F. Munson, District 2
Senator Douglas J. J. Peters, District 23
Senator Catherine E. Pugh, District 40
Senator James N. Robey, District 13
Senator Norman R. Stone, Jr., District 6

Bill indexed under the following Subjects:

Art, Music and Cultural Affairs -see also- Museums; Theaters
Auditors and Audits
Business and Economic Development, Department of
Commerce and Business -see also- Dealers; Elec. Comm.; etc
Comptroller
Grants
Income Tax
Motion Pictures
Notices
Reports
Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.
Rules and Regulations
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Economic Development
( 4-401 , 4-402 , 4-403 , 4-404 , 4-405 , 4-406 , 4-407 )
Tax - General
( 10-728 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
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