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Subcommittee sends short-term boost to film production tax credit to Appropriations
Summary
House Bill 2108 would raise the annual cap on the motion picture production tax credit from $6.5 million to $8.5 million through fiscal 2026. The subcommittee voted 7-0 to report the bill to Appropriations after testimony that producers and unions expect immediate projects if incentives are available.
The House Finance Subcommittee voted unanimously (7‑0) to report House Bill 2108 to Appropriations. The bill temporarily raises the annual aggregate cap on motion picture production tax credits from $6.5 million to $8.5 million through the end of fiscal year 2026.
Delegate Del. Charniele Herring, the bill’s patron, framed the measure as a short‑term, targeted increase intended to keep Virginia competitive for productions currently…
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