HB24-1358
Film Incentive Tax Credit
Concerning the film incentive income tax credit, and, in connection therewith, making an appropriation.
Session:
2024 Regular Session
Subject:
Bill Summary
Business & Economic Development
The bill adds established payments to loan-out companies as a qualified local expenditure for the purpose of qualifying for the film incentive income tax credit, removes a condition that the credit is available only in years that the amount of state revenues are in excess of the limitation of state fiscal year spending by at least $50 million, and extends the deadline from February 4, 2025, to July 1, 2028, for a tax credit effectiveness study to be submitted to the finance committees of the house of representatives and the senate.
(Note: This summary applies to this bill as introduced.)