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Key Votes

SB 943 - Expanding Production Company Tax Credit - Key Vote

North Carolina Key Votes

Floyd McKissick, Jr. voted Yea (Concurrence Vote) on this Legislation.

Read statements Floyd McKissick, Jr. made in this general time period.

Stages

Family

Issues

Note

NOTE: THIS IS A SECOND READING VOTE TO END DEBATE ON THE BILL AND ADVANCE IT TO THE THIRD READING IN WHICH AN UP-OR-DOWN VOTE FOR PASSAGE WILL OCCUR ONLY IF VOTES CHANGE OR THE THIRD READING OCCURS ON A DIFFERENT LEGISLATIVE DAY.

Stage Details

Legislation - Signed (Executive) -

Title: Expanding Production Company Tax Credit

Legislation - Concurrence Vote Passed (Senate) (25-18) - (Key vote)

Title: Expanding Production Company Tax Credit

Vote Smart's Synopsis:

Vote to pass a bill that increases the tax credit for a large production company from 15% to 25% of the company's qualifying expenses.

Highlights:
-Grants a tax credit equal to 25% of qualifying expenses minus adjustments to film production companies with budgets of at least $250,000 for one production (Sec. 1). -Takes effect for taxable years beginning on or after January 1, 2010 (Sec. 3).
Note:

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Legislation - Bill Passed With Amendment (House) (78-26) - (Key vote)

Title: Expanding Production Company Tax Credit

Vote Smart's Synopsis:

Vote to pass a bill that increases the tax credit for a large production company from 15% to 25% of the company's qualifying expenses.

Highlights:
-Grants a tax credit equal to 25% of qualifying expenses minus adjustments to film production companies with budgets of at least $250,000 for one production (Sec. 1). -Takes effect for taxable years beginning on or after January 1, 2010 (Sec. 3).
Note:

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

NOTE: THIS IS A SECOND READING VOTE TO END DEBATE ON THE BILL AND ADVANCE IT TO THE THIRD READING IN WHICH AN UP-OR-DOWN VOTE FOR PASSAGE WILL OCCUR ONLY IF VOTES CHANGE OR THE THIRD READING OCCURS ON A DIFFERENT LEGISLATIVE DAY.

Legislation - Bill Passed (Senate) (27-17) - (Key vote)

Title: Expanding Production Company Tax Credit

Vote Smart's Synopsis:

Vote to pass a bill that increases the tax credit for a large production company from 15% to 25% of the company's qualifying expenses.

Highlights:
-States that a production company with qualifying expenses of at least $250,000 for one production is allowed an income tax equal to 25% of the production company's qualifying expenditures (Sec. 1). -Mandates that, in the case of an episodic television series, one season qualifies as one production (Sec. 1).
Legislation - Introduced (Senate) -

Title: Expanding Production Company Tax Credit

Sponsors

  • Linda D. Garrou (NC - D) (Out Of Office)
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