Key Votes
SB 9 - Transferable Tax Credit for Film Production - Key Vote
Ohio Key Votes
Stages
Family
Issues
Stage Details
Legislation - Referred to Committee (House) - March 4, 2009
Legislation - Bill Passed (Senate) (21-10) - March 3, 2009 (Key vote)
Title: Transferable Tax Credit for Film Production
Vote Smart's Synopsis:
A vote to pass a bill that authorizes a nonrefundable income tax credit for individuals and pass-through entity owners who invest money in motion picture production in Ohio before 2014.
Highlights:
-Authorizes a transferable, nonrefundable income tax credit for those who invest money in a motion picture production certified by the Director of Development as a “tax credit eligible production” (Sec. 1).
-Requires that the credit amount be determined based on investment and eligible production expenditures (Sec.1).
-Prohibits tax credits for an investment $300,000 or less (Sec. 1).
- Authorizes that up to $100 million in tax credit certificates may be issued per year, but not more than $25 million in tax credit certificates may be issued in one production (Sec 1).
-Prohibits tax credits for productions such as: news, weather, financial market reports, sports, award shows, political advocacy productions, fundraising production, sexually explicit production, and productions produced by a motion picture company or person in default on a loan granted by the state (Sec. 1).
Legislation - Introduced (Senate) - Feb. 10, 2009
Title: Transferable Tax Credit for Film Production
Sponsors
Co-sponsors
- John A. Carey Jr. (OH - R) (Out Of Office)
- Kevin J. Coughlin (OH - R) (Out Of Office)
- Bob Gibbs (OH - R) (Out Of Office)
- Karen L. Gillmor (OH - R) (Out Of Office)
- Timothy J. Grendell (OH - R) (Out Of Office)
- James Michael 'Jim' Hughes (OH - R)
- Kirk J. Schuring (OH - R) (Out Of Office)
- Mark D. Wagoner Jr. (OH - R) (Out Of Office)
