The legislature's own summary of the bill, or its official long title.
This Act creates a film production tax credit. It requires companies to obtain, at their own expense, an independent audit certifying eligible expenditures. The audit must be submitted to the Division of Small Business for approval and allocation of credits. The credit is nonrefundable, transferable, and may be carried forward for up to 5 years. The credit may be applied against personal income tax, corporate income…
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This Act creates a film production tax credit. It requires companies to obtain, at their own expense, an independent audit certifying eligible expenditures. The audit must be submitted to the Division of Small Business for approval and allocation of credits. The credit is nonrefundable, transferable, and may be carried forward for up to 5 years. The credit may be applied against personal income tax, corporate income tax, bank franchise tax, and insurance premiums tax. All credit transfers must be approved by the Division of Small Business. This Act further authorizes necessary data sharing among agencies. Applicants and transferees consent to disclosure of credit amounts by virtue of applying or receiving a transfer. This Act also grants regulatory authority to the Division of Small Business and the Secretary of State to administer the annual credit cap; prioritize and manage awards; and issue reports relating to awards and utilization with input from relevant state agencies. The Division of Small Business may create alternative audit procedures for small businesses where a full audit would be prohibitively expensive. This Act sunsets on June 30, 2031, and no applications may be submitted after that date.
Every action
16 steps, oldest first, as the legislature records them.
Show the 8 earlier steps
CommitteeIntroduced and Assigned to Revenue & Finance Committee in House · House Revenue & Finance
CommitteeReported Out of Committee (Revenue & Finance) in House with 7 On Its Merits · House Revenue & Finance
CommitteeAssigned to Appropriations Committee in House · House Appropriations
HouseAmendment HA 1 to HB 364 - Introduced and Placed With Bill
CommitteeReported Out of Committee (Appropriations) in House with 4 On Its Merits · House Appropriations
HouseAmendment HA 2 to HB 364 - Introduced and Placed With Bill
HouseAmendment HA 1 to HB 364 - Stricken in House
HouseAmendment HA 2 to HB 364 - Passed In House by Voice Vote
HousePassed By House. Votes: 39 YES 2 ABSENT
CommitteeAssigned to Executive Committee in Senate · Senate Executive
CommitteeReported Out of Committee (Executive) in Senate with 6 On Its Merits · Senate Executive
CommitteeReported Out of Committee (Executive) in Senate with 6 On Its Merits · Senate Executive
CommitteeAssigned to Finance Committee in Senate · Senate Finance
CommitteeReported Out of Committee (Finance) in Senate with 4 On Its Merits · Senate Finance
SenatePassed By Senate. Votes: 20 YES 1 ABSENT
GovernorSigned by Governor
Roll calls
2 recorded votes: 2 on the floor, 0 in committee. Each shows how every member voted.
Passed By House. Votes: 39 YES 2 ABSENT (3/5 required) · Full House