2024 -- S 2327 | |
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LC004592 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2024 | |
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A N A C T | |
RELATING TO TAXATION -- MOTION PICTURE PRODUCTION TAX CREDITS | |
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Introduced By: Senators DiPalma, Miller, Ciccone, Zurier, Britto, Pearson, Lawson, | |
Date Introduced: February 12, 2024 | |
Referred To: Senate Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 44-31.2-11 of the General Laws in Chapter 44-31.2 entitled "Motion |
2 | Picture Production Tax Credits" is hereby repealed. |
3 | 44-31.2-11. Sunset. |
4 | No credits shall be issued on or after July 1, 2027, unless the production has received initial |
5 | certification under ยง 44-31.2-6(a) prior to July 1, 2027. |
6 | SECTION 2. This act shall take effect upon passage. |
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LC004592 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO TAXATION -- MOTION PICTURE PRODUCTION TAX CREDITS | |
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1 | This act would eliminate the sunset provision for the motion picture production tax credit. |
2 | This act would take effect upon passage. |
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LC004592 | |
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