Legislation

Allowing certain theatrical production entities to claim a credit against the State income tax for certain costs incurred for certain theatrical productions within the State; making the credit refundable under certain circumstances; requiring the Department of Commerce to administer the credit; and prohibiting the Secretary from issuing tax credit certificates for credit amounts in the aggregate totaling more than $5,000,000 in any fiscal year.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0597

Bill File Type: Regular

Effective Date(s): July 1, 2022

History

Legislation History
Chamber House Calendar Date 1/31/2022 Legislative Date 1/31/2022 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/31/2022 Legislative Date 1/31/2022 Action Hearing 2/16 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Theatrical Production Tax Credit Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/18/2022 Legislative Date 3/18/2022 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/18/2022 Legislative Date 3/12/2022 Action Favorable with Amendments {863725/1 Adopted Proceedings 33 Click to view Recorded Media
Chamber House Calendar Date 3/18/2022 Legislative Date 3/12/2022 Action Second Reading Passed with Amendments Proceedings 33 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax - Theatrical Production Tax Credit Proceedings
Chamber House Calendar Date 3/21/2022 Legislative Date 3/14/2022 Action Third Reading Passed (120-12) Proceedings 35 Click to view Recorded Media
Chamber Senate Calendar Date 3/21/2022 Legislative Date 3/08/2022 Action Referred Budget and Taxation Proceedings 48 Click to view Recorded Media
Chamber Senate Calendar Date 3/22/2022 Legislative Date 3/22/2022 Action Hearing 3/29 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/28/2022 Legislative Date 3/28/2022 Action Hearing canceled Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/31/2022 Legislative Date 3/31/2022 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/31/2022 Legislative Date 3/19/2022 Action Favorable Adopted Proceedings 59 Click to view Recorded Media
Chamber Senate Calendar Date 3/31/2022 Legislative Date 3/19/2022 Action Second Reading Passed Proceedings 59 Click to view Recorded Media
Chamber Senate Calendar Date 3/31/2022 Legislative Date 3/20/2022 Action Third Reading Passed (46-0) Proceedings 60 Click to view Recorded Media
Chamber House Calendar Date 4/01/2022 Legislative Date 3/26/2022 Action Returned Passed Proceedings 47 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/12/2022 Legislative Date 5/12/2022 Action Approved by the Governor - Chapter 258 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Income Tax - Theatrical Production Tax Credit Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/31/2022	1/31/2022	First Reading Ways and Means
House	1/31/2022	1/31/2022	Hearing 2/16 at 1:00 p.m.
			Text - First - Income Tax - Theatrical Production Tax Credit
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/18/2022	3/18/2022	Favorable with Amendments Report by Ways and Means
House	3/18/2022	3/12/2022	Favorable with Amendments {863725/1 Adopted	33 Click to view Recorded Media
House	3/18/2022	3/12/2022	Second Reading Passed with Amendments	33 Click to view Recorded Media
			Text - Third - Income Tax - Theatrical Production Tax Credit
House	3/21/2022	3/14/2022	Third Reading Passed (120-12)	35 Click to view Recorded Media
Senate	3/21/2022	3/08/2022	Referred Budget and Taxation	48 Click to view Recorded Media
Senate	3/22/2022	3/22/2022	Hearing 3/29 at 1:00 p.m.
Senate	3/28/2022	3/28/2022	Hearing canceled
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/31/2022	3/31/2022	Favorable Report by Budget and Taxation
Senate	3/31/2022	3/19/2022	Favorable Adopted	59 Click to view Recorded Media
Senate	3/31/2022	3/19/2022	Second Reading Passed	59 Click to view Recorded Media
Senate	3/31/2022	3/20/2022	Third Reading Passed (46-0)	60 Click to view Recorded Media
House	4/01/2022	3/26/2022	Returned Passed	47 Click to view Recorded Media
Post Passage	5/12/2022	5/12/2022	Approved by the Governor - Chapter 258
			Text - Chapter - Income Tax - Theatrical Production Tax Credit

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Subjects

Statutes