Loading chat...
MO SB541
Bill
Status
Introduced
2/26/2015
Primary Sponsor
David Pearce
Click for details
AI Summary
- Reduces the "highly compensated individual" threshold from $1 million to $250,000, excluding compensation above this amount from qualifying expenses
- Beginning January 1, 2015, sets the tax credit at 20% for both qualifying in-state and out-of-state expenses, with an additional 5% bonus if at least 50% of the production is filmed in Missouri
- Requires qualified film productions to include a statement or logo in credits indicating the project was filmed in Missouri
- Creates a new category of "qualifying out-of-state expenses" covering wages paid to non-Missouri residents on which state withholding was remitted
- Extends the program's sunset date from November 28, 2007 to November 28, 2015, with automatic termination six years after that date unless reauthorized
Legislative Description
Reauthorizes the Film Production Tax Credit and modifies provisions relating to it
Last Action
Second Read and Referred S Jobs, Economic Development and Local Government Committee
3/10/2015
Committee Referrals
Jobs, Economic Development And Local Government3/10/2015
Full Bill Text
No bill text available