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OH SB283
Bill
Status
Introduced
6/4/2024
Primary Sponsor
Kirk Schuring
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AI Summary
- Amends section 122.85 to modify definitions and requirements for tax credit-eligible film and broadway theatrical productions certified by the director of development
- Changes tax credit calculation to 30% of eligible expenditures (over $300,000 threshold) instead of previous tiered structure
- Eliminates the film and theater capital improvement tax credit by repealing sections 122.852, 5726.59, 5747.67, and 5751.55
- Reserves $5 million annually for broadway theatrical productions with rollover provisions; remaining credits available for all eligible productions on first-come, first-served basis
- Establishes film and multimedia trainee certification program with 50% salary reimbursement for approved production companies
Legislative Description
Modify film and theater production tax credit
Taxation
Last Action
Referred to committee: Ways and Means
6/11/2024
Committee Referrals
Ways and Means6/11/2024
Full Bill Text
No bill text available