HB 1193 IN
Film and media production tax credit.
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Summary
Establishes the Indiana film and media production expenditure tax credit. Provides a refundable tax credit to qualified applicants that make certain qualified production expenditures for a qualified media production in Indiana. Provides that the tax credit may be granted only if qualified production expenditures meet certain thresholds. Provides that the amount of the credit equals the qualified production expenditures multiplied by a percentage determined by the Indiana destination development corporation (corporation). Provides that the qualified applicant must, before incurring or making the qualified production expenditures, apply to the corporation for approval of the tax credit. Provides certain requirements that must be included in a tax credit agreement. Specifies that these tax credits may not be awarded for a taxable year ending after December 31, 2029.
Sponsor (1)
- Anthony Cook · author
2 coauthors / cosponsors
- Michael Karickhoff Republican · coauthor
- Jerry Torr · coauthor
Action history (3)
- Jan 7, 2021 Coauthored by Representatives Karickhoff and Torr · lower
- Jan 7, 2021 Authored by Representative Cook · lower
- Jan 7, 2021 First reading: referred to Committee on Ways and Means · lower
Text versions (1)
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