2010 Regular Session

SENATE BILL 976

File Code: Taxes - Income Prior Year Introduction As: SB 596/09 - B&T
Sponsored By:
Senator Colburn
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 2009; 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
2/19
First Reading Senate Rules
2/25
Re-referred Budget and Taxation
3/3
Hearing 3/23 at 1:00 p.m.
House Action
No Action

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 )
Tax - General
( 10-728 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered