Guidance Document Information
Title |
Motion Picture Production Tax Credit Guidelines |
Document ID |
Corporate/Individual |
Summary |
During the 2010 session, the Virginia General Assembly enacted House Bill 861 and Senate Bill 257 (2010 Acts of Assembly, Chapters 418 and 599), which established the Virginia Motion Picture Production Tax Credit.
During the 2014 Session, the General Assembly enacted legislation which increased the credit cap and requires the Department to provide certain information to the General Assembly on request. Accordingly, on March 23, 2015, the Department published updated Motion Picture Production Tax Credit Guidelines to reflect the changes set forth in this legislation, and to provide updated guidance regarding the credit. These guidelines supersede the Guidelines and Rules for the Virginia Motion Picture Production Tax Credit that were issued by the Department on August 6, 2012. |
Effective Date |
3/23/2015 |
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Posted On 12/14/2017
Document on Town Hall
|
Explanation or Citations |
Va. Code ยง 58.1-439.12:03. |
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