Loading chat...

OH SB289

Bill

Official Source

Status

Introduced

3/2/2016

Primary Sponsor

Thomas Patton

Click for details

Origin

Senate

131st General Assembly (2015-2016)

AI Summary

  • Increases the motion picture tax credit cap from $40 million per fiscal biennium to $100 million for the fiscal biennium beginning July 1, 2015
  • Establishes a new cap of $160 million per fiscal biennium for all biennia beginning on or after July 1, 2017
  • Limits individual production credits to a maximum of $5 million per tax credit-eligible production
  • Amends section 122.85 of the Revised Code to modify the tax credit program's overall spending limits and administration
  • Maintains existing credit calculation methodology: 25% of non-wage eligible production expenditures plus 35% of resident cast and crew wages

Legislative Description

Increases overall cap on motion picture tax credit

Taxation

Last Action

Refer to Committee: Ways and Means

4/12/2016

Committee Referrals

Ways and Means4/12/2016

Full Bill Text

No bill text available