Subcommittee unanimously reports HB 400 with amendment to extend motion-picture tax credit
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Summary
The subcommittee adopted a line amendment and reported HB 400 (motion-picture tax credit extension) with amendments after industry and labor testimony; the amendment removed the fiscal impact and the bill will go forward on the board.
The subcommittee adopted a line amendment to HB 400 and reported the bill with amendments after patrons and witnesses described the program's economic impact on Virginia's film and television industry.
Delegate Herring presented the bill and the subcommittee adopted a line amendment by voice vote that, according to the patron, removed a fiscal impact. Industry and labor witnesses — including representatives of the Northern Virginia Labor Federation, Virginia Production Alliance and the Virginia Restaurant Lodging and Travel Association — spoke in support, citing job creation and local-business benefits. Delegate Herring said the program has been bipartisan since 2011 and that the amendment helps preserve Virginia's competitiveness for productions.
After the testimony the subcommittee voted to report HB 400 with amendments; the bill was placed on the board for further action in committee.
