Indiana Senate Bill 130 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 5 2011 - 25% progression, died in committee
Action: 2011-01-05 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [HTML]

For purposes of the media production expenditure tax credit, decreases (from $100,000 to $50,000) the amount of qualified production expenditures that must be made on a feature length film or a television series, program, or feature before a taxpayer may qualify for the credit. For purposes of the media production expenditure tax credit, increases the credit percentage from 15%: (1) to 40%, in the case of qualified production expenditures paid to an individual or entity located in an economically distressed municipality or county; or (2) to 35%, in the case of other qualified production expenditures. Provides that the media production expenditure tax credit expires January 1, 2014 (rather than January 1, 2012, under current law).

Media production expenditure tax credit.

Sen. Lonnie Randolph [D]

Date	Chamber	Action
2011-01-05		First reading: referred to Committee on Tax and Fiscal Policy
2011-01-05		Authored by Senator Randolph

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2011&session=1&request=getBill&doctype=SB&docno=0130
Text	http://www.in.gov/legislative/bills/2011/IN/IN0130.1.html