Indiana Senate Bill 125 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 5 2016 - 25% progression, died in committee
Action: 2016-01-05 - First reading: referred to Committee on Tax & Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Media production expenditure tax credit. Reestablishes the media production expenditure tax credit (which expired in 2012), with certain changes. Provides a refundable tax credit to taxpayers that make qualified production expenditures in Indiana. Provides that the tax credit may be granted only if qualified production expenditures are at least $50,000. Provides that in the case of a taxpayer that claims the tax credit for qualified production expenditures of less than $6,000,000, the amount of the credit equals a percentage of the taxpayer's qualified production expenditures. Specifies that the percentage is: (1) 40%, in the case of qualified production expenditures paid

Media production expenditure tax credit. Reestablishes the media production expenditure tax credit (which expired in 2012), with certain changes. Provides a refundable tax credit to taxpayers that make qualified production expenditures in Indiana. Provides that the tax credit may be granted only if qualified production expenditures are at least $50,000. Provides that in the case of a taxpayer that claims the tax credit for qualified production expenditures of less than $6,000,000, the amount of the credit equals a percentage of the taxpayer's qualified production expenditures. Specifies that the percentage is: (1) 40%, in the case of qualified production expenditures paid

Sen. Lonnie Randolph [D]

Date	Chamber	Action
2016-01-05	Senate	First reading: referred to Committee on Tax & Fiscal Policy
2016-01-05	Senate	Authored by Senator Randolph

Type	Source
Summary	https://iga.in.gov/legislative/2016/bills/senate/125/details
Text	http://iga.in.gov/static-documents/8/3/4/3/8343566f/SB0125.01.INTR.pdf