Passed BothConf. Cmte
- Income Tax - Theatrical Production Tax Credit
- Sponsored by
- Delegate Ivey
- In the House - Hearing 2/25 at 1:00 p.m.
- Fiscal and Policy Note
Allowing certain theatrical production entities to claim a credit against the State income tax for certain costs incurred for certain theatrical productions in the State; making the credit refundable under certain circumstances; requiring an entity to apply to the Department of Commerce to be a qualified theatrical production entity; requiring that to qualify for the credit certain estimated costs incurred in the State must exceed $100,000; applying the Act to taxable years beginning after December 31, 2019; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2020
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( 2.5-109 )
( 10-751 )
Last Updated: 9/22/2020 2:24 PM