New Virginia Film Incentive Begins July 1

SB257 (Lucas)/ HB861 (Cline) – Creates a motion picture film production tax credit

Provides a refundable credit for any motion picture production company with qualifying expenses of at least $250,000, in an amount equal to 15 percent of the production company’s qualifying expenses or 20 percent of such expenses if the production is filmed in an economically distressed area of the Commonwealth.

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