Bill Summary

HB 983 Entertainment Industry Financial Incentive Program (2014 Session)
Entertainment Industry Financial Incentive Program: Revises purpose of program; revises application requirements & approval procedure for tax credits; requires certified productions to notify Office of Film & Entertainment of changes to certain production circumstances; requires office to deem certain tax credit awards denied & applications withdrawn; authorizes office to approve adjusted tax credit awards under certain circumstances; provides that certified production is not entitled to tax credit award unless certified production's actual qualified expenditures have been verified by office & approved by DEO; specifies period in which certified production must submit qualifying expenditure data to office; revises criteria for determining priority for tax credits; revises tax credit eligibility; provides tax credit for certain qualified productions that complete certain promotional activities; authorizes credit allocations for specified fiscal years; revises program repeal provisions. Effective Date: July 1, 2014
Referred to Economic Development & Tourism Subcommittee; Finance & Tax Subcommittee; Economic Affairs Committee
Now in Economic Development & Tourism Subcommittee
Died in Economic Development & Tourism Subcommittee
Filed on 02/18/14
No amendments to this bill text filed.
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