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 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, 2020; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: SB0577 Session: 2020 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2021

History

Legislation History
Chamber Senate Calendar Date 10/20/2020 Legislative Date 10/20/2020 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing 1/20 at 11:00 a.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Theatrical Production Tax Credit Proceedings
Chamber Senate Calendar Date 1/12/2021 Legislative Date 1/12/2021 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 1/12/2021 Legislative Date 1/12/2021 Action Hearing 1/20 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 1/18/2021 Legislative Date 1/18/2021 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 1/18/2021 Legislative Date 1/18/2021 Action Hearing 1/27 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	10/20/2020	10/20/2020	Pre-filed
Senate	1/13/2021	1/13/2021	First Reading Budget and Taxation
Senate	12/22/2020	12/22/2020	Hearing 1/20 at 11:00 a.m.
			Text - First - Income Tax - Theatrical Production Tax Credit
Senate	1/12/2021	1/12/2021	Hearing canceled
Senate	1/12/2021	1/12/2021	Hearing 1/20 at 1:00 p.m.
Senate	1/18/2021	1/18/2021	Hearing canceled
Senate	1/18/2021	1/18/2021	Hearing 1/27 at 1:00 p.m.

File Code

Subjects

Statutes