Bill Summary for H 751 (2019-2020)
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Bill: REENACT FILM CREDIT.
Summary date:
Apr 15 2019
Bill Information:
| View NCGA Bill Details | 2019-2020 Session |
AN ACT TO REENACT THE CREDIT FOR QUALIFYING EXPENSES OF A PRODUCTION COMPANY.Intro. by Autry, Saine, Carney, Butler.
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Bill summary
Reenacts GS 105-151.29 and GS 105-130.47, individual and corporate income tax credits for qualifying expenses of a production company, as they existed immediately before repeal and makes the following changes. Recodifies GS 105-151.29 as GS 105-153.11. Amends both GS 105-153.11 and GS 105-130.47 by removing the sunset provision. Applies to qualifying expenses occurring on or after January 1, 2019.