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VA HB400

Bill

Official Source

Status

Enrolled

3/11/2026

Primary Sponsor

Charniele Herring

Click for details

Origin

House of Delegates

2026 Regular Regular Session

AI Summary

  • Extends Virginia's motion picture production tax credit program from January 1, 2027, to January 1, 2031
  • Maintains the 15% refundable tax credit on qualifying expenses for productions with at least $250,000 in expenses, or 20% if filmed in economically distressed areas
  • Provides additional credits of 10-20% on payroll for Virginia residents based on production cost levels, plus 10% for first-time Virginia actors and crew members
  • Keeps the annual aggregate cap at $6.5 million for all tax credits allocated under this program
  • Excludes political advertising, news programs, live sporting events, reality television, and obscene material from eligibility

Legislative Description

Motion picture production; increases aggregate cap on tax credit, extends sunset.

Last Action

Governor's Action Deadline 11:59 p.m., April 13, 2026

3/14/2026

Committee Referrals

Finance and Appropriations2/18/2026
Finance: Subcommittee #12/5/2026
Finance1/12/2026

Full Bill Text

No bill text available