Legislation - SB0440

Title: Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension
Sponsored by: Senators Guzzone, Bailey, Corderman, Hettleman, King, McCray, and Salling
Status: Approved by the Governor - Chapter 19
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 $20,000,000 in the aggregate for a single theatrical production; and extending the termination date to June 30, 2032.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0472

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber Senate Calendar Date 1/30/2026 Legislative Date 1/30/2026 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Theatrical Production Tax Credit - Sunset Extension Proceedings
Chamber Senate Calendar Date 2/03/2026 Legislative Date 2/03/2026 Action Hearing 2/11 at 2:00 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 3/02/2026 Legislative Date 3/02/2026 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/03/2026 Legislative Date 2/20/2026 Action Favorable with Amendments {153925/1 Adopted Proceedings 31 Click to view Recorded Media
Chamber Senate Calendar Date 3/03/2026 Legislative Date 2/20/2026 Action Second Reading Passed with Amendments Proceedings 31 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax - Theatrical Production Tax Credit - Sunset Extension Proceedings
Chamber Senate Calendar Date 3/05/2026 Legislative Date 2/22/2026 Action Third Reading Passed (39-1) Proceedings 33 Click to view Recorded Media
Chamber House Calendar Date 3/06/2026 Legislative Date 2/25/2026 Action Referred Ways and Means Proceedings 34 Click to view Recorded Media
Chamber House Calendar Date 3/16/2026 Legislative Date 3/16/2026 Action Hearing 3/25 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/25/2026 Legislative Date 3/25/2026 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/25/2026 Legislative Date 3/25/2026 Action Hearing 3/25 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/02/2026 Legislative Date 4/02/2026 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/03/2026 Legislative Date 3/18/2026 Action Favorable with Amendments {193924/1 Adopted Proceedings 55 Click to view Recorded Media
Chamber House Calendar Date 4/03/2026 Legislative Date 3/18/2026 Action Second Reading Passed with Amendments Proceedings 55 Click to view Recorded Media
Chamber House Calendar Date 4/07/2026 Legislative Date 3/20/2026 Action Third Reading Passed (119-17) Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 4/08/2026 Legislative Date 3/19/2026 Action Senate Concurs House Amendments Proceedings 58 Click to view Recorded Media
Chamber Senate Calendar Date 4/08/2026 Legislative Date 3/19/2026 Action Third Reading Passed (42-1) Proceedings 58 Click to view Recorded Media
Chamber Senate Calendar Date 4/08/2026 Legislative Date 3/19/2026 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension Proceedings
Chamber Post Passage Calendar Date 4/14/2026 Legislative Date 4/14/2026 Action Approved by the Governor - Chapter 19 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/30/2026	1/30/2026	First Reading Budget and Taxation
			Text - First - Income Tax - Theatrical Production Tax Credit - Sunset Extension
Senate	2/03/2026	2/03/2026	Hearing 2/11 at 2:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/02/2026	3/02/2026	Favorable with Amendments Report by Budget and Taxation
Senate	3/03/2026	2/20/2026	Favorable with Amendments {153925/1 Adopted	31 Click to view Recorded Media
Senate	3/03/2026	2/20/2026	Second Reading Passed with Amendments	31 Click to view Recorded Media
			Text - Third - Income Tax - Theatrical Production Tax Credit - Sunset Extension
Senate	3/05/2026	2/22/2026	Third Reading Passed (39-1)	33 Click to view Recorded Media
House	3/06/2026	2/25/2026	Referred Ways and Means	34 Click to view Recorded Media
House	3/16/2026	3/16/2026	Hearing 3/25 at 1:00 p.m.
House	3/25/2026	3/25/2026	Hearing canceled
House	3/25/2026	3/25/2026	Hearing 3/25 at 1:30 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/02/2026	4/02/2026	Favorable with Amendments Report by Ways and Means
House	4/03/2026	3/18/2026	Favorable with Amendments {193924/1 Adopted	55 Click to view Recorded Media
House	4/03/2026	3/18/2026	Second Reading Passed with Amendments	55 Click to view Recorded Media
House	4/07/2026	3/20/2026	Third Reading Passed (119-17)	57 Click to view Recorded Media
Senate	4/08/2026	3/19/2026	Senate Concurs House Amendments	58 Click to view Recorded Media
Senate	4/08/2026	3/19/2026	Third Reading Passed (42-1)	58 Click to view Recorded Media
Senate	4/08/2026	3/19/2026	Passed Enrolled
			Text - Enrolled - Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension
Post Passage	4/14/2026	4/14/2026	Approved by the Governor - Chapter 19

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Statutes