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:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means

Committee Testimony

Witness List

Details

Cross-filed with: HB0641

Introduced in a prior session as: SB0171 Session: 2021 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2022

History

Legislation History
Chamber Senate Calendar Date 2/02/2022 Legislative Date 2/02/2022 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Theatrical Production Tax Credit Proceedings
Chamber Senate Calendar Date 2/03/2022 Legislative Date 2/03/2022 Action Hearing 2/23 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 3/31/2022 Legislative Date 3/31/2022 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/31/2022 Legislative Date 3/19/2022 Action Favorable with Amendments {193028/1 Adopted Proceedings 59 Click to view Recorded Media
Chamber Senate Calendar Date 3/31/2022 Legislative Date 3/19/2022 Action Second Reading Passed with Amendments Proceedings 59 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax - Theatrical Production Tax Credit Proceedings
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 Referred Rules and Executive Nominations Proceedings 47 Click to view Recorded Media
Chamber House Calendar Date 4/07/2022 Legislative Date 4/07/2022 Action Rereferred to Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/07/2022 Legislative Date 4/07/2022 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 4/08/2022 Legislative Date 3/30/2022 Action Favorable Adopted Second Reading Passed Proceedings 51 Click to view Recorded Media
Chamber House Calendar Date 4/11/2022 Legislative Date 4/04/2022 Action Third Reading Passed (118-12) Proceedings 56 Click to view Recorded Media
Chamber Senate Calendar Date 4/11/2022 Legislative Date 4/02/2022 Action Returned Passed Proceedings 73 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/12/2022 Legislative Date 5/12/2022 Action Approved by the Governor - Chapter 259 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Income Tax - Theatrical Production Tax Credit Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/02/2022	2/02/2022	First Reading Budget and Taxation
			Text - First - Income Tax - Theatrical Production Tax Credit
Senate	2/03/2022	2/03/2022	Hearing 2/23 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/31/2022	3/31/2022	Favorable with Amendments Report by Budget and Taxation
Senate	3/31/2022	3/19/2022	Favorable with Amendments {193028/1 Adopted	59 Click to view Recorded Media
Senate	3/31/2022	3/19/2022	Second Reading Passed with Amendments	59 Click to view Recorded Media
			Text - Third - Income Tax - Theatrical Production Tax Credit
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	Referred Rules and Executive Nominations	47 Click to view Recorded Media
House	4/07/2022	4/07/2022	Rereferred to Ways and Means
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/07/2022	4/07/2022	Favorable Report by Ways and Means
House	4/08/2022	3/30/2022	Favorable Adopted Second Reading Passed	51 Click to view Recorded Media
House	4/11/2022	4/04/2022	Third Reading Passed (118-12)	56 Click to view Recorded Media
Senate	4/11/2022	4/02/2022	Returned Passed	73 Click to view Recorded Media
Post Passage	5/12/2022	5/12/2022	Approved by the Governor - Chapter 259
			Text - Chapter - Income Tax - Theatrical Production Tax Credit

File Code

Subjects

Statutes