SB1179
Motion picture production tax credit; renamed as content manufacturing tax credit, removes sunset.
Summary
As Introduced. Motion picture production tax credit; renamed as content
manufacturing tax credit; sunset. Removes the sunset for the motion picture tax credit, which currently is set to expire after taxable year 2026, and expands and redesignates the tax credit as the content manufacturing tax credit. The bill increases the total amount of credits that can be allocated to eligible ... (More) taxpayers from $6.5 million to $11.5 million beginning in fiscal year 2025 and allows unclaimed aggregate credit amounts to be carried over and added to the aggregate credit cap in the following fiscal year. (Less)-
Bill History
- 01/08/2025 - Senate: Prefiled and ordered printed; Offered 01-08-2025 25104454D
- 01/08/2025 - Senate: Referred to Committee on Finance and Appropriations
- 02/05/2025 - Senate: Left in Finance and Appropriations
