Legislation - HB0472

Title: Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension
Sponsored by: Delegates Feldmark, Ivey, Acevero, Allen, Boyce, Coley, Hill, Lehman, Lewis, Ross, Solomon, Terrasa, Toles, Tomlinson, Watson, and Ziegler
Status: In the Senate - Second Reading Passed
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Limiting the excess amount of tax credit certificates to $20,000,000, that the Department of Commerce may carry forward and issue in subsequent taxable years for a credit against the State income tax for certain costs related to certain theatrical productions in the State; prohibiting the Secretary from issuing tax credit certificates for credit amounts totaling more than $2,000,00 in the aggregate for a single theatrical production; and extending the termination date of the credit to June 30, 2032; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0440

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber House Calendar Date 1/23/2026 Legislative Date 1/23/2026 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/23/2026 Legislative Date 1/23/2026 Action Hearing 2/12 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Theatrical Production Tax Credit - Sunset Extension Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/21/2026 Legislative Date 3/21/2026 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/21/2026 Legislative Date 3/09/2026 Action Favorable with Amendments {973425/1 Adopted Proceedings 46 Click to view Recorded Media
Chamber House Calendar Date 3/21/2026 Legislative Date 3/09/2026 Action Second Reading Passed with Amendments Proceedings 46 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension Proceedings
Chamber House Calendar Date 3/23/2026 Legislative Date 3/10/2026 Action Third Reading Passed (121-14) Proceedings 47 Click to view Recorded Media
Chamber Senate Calendar Date 3/23/2026 Legislative Date 3/07/2026 Action Referred Budget and Taxation Proceedings 46 Click to view Recorded Media
Chamber Senate Calendar Date 3/25/2026 Legislative Date 3/25/2026 Action Hearing 3/31 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/01/2026 Legislative Date 4/01/2026 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/01/2026 Legislative Date 3/14/2026 Action Favorable Adopted Proceedings 53 Click to view Recorded Media
Chamber Senate Calendar Date 4/01/2026 Legislative Date 3/14/2026 Action Second Reading Passed Proceedings 53 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/23/2026	1/23/2026	First Reading Ways and Means
House	1/23/2026	1/23/2026	Hearing 2/12 at 1:00 p.m.
			Text - First - Income Tax - Theatrical Production Tax Credit - Sunset Extension
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/21/2026	3/21/2026	Favorable with Amendments Report by Ways and Means
House	3/21/2026	3/09/2026	Favorable with Amendments {973425/1 Adopted	46 Click to view Recorded Media
House	3/21/2026	3/09/2026	Second Reading Passed with Amendments	46 Click to view Recorded Media
			Text - Third - Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension
House	3/23/2026	3/10/2026	Third Reading Passed (121-14)	47 Click to view Recorded Media
Senate	3/23/2026	3/07/2026	Referred Budget and Taxation	46 Click to view Recorded Media
Senate	3/25/2026	3/25/2026	Hearing 3/31 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	4/01/2026	4/01/2026	Favorable Report by Budget and Taxation
Senate	4/01/2026	3/14/2026	Favorable Adopted	53 Click to view Recorded Media
Senate	4/01/2026	3/14/2026	Second Reading Passed	53 Click to view Recorded Media

File Code

Subjects

Statutes