Amendment #1091 to H.4200

Amendment #1091 to H4200

Film Tax Credit II

Mr. Scaccia of Boston moves to amend the bill by adding the following sections:-

SECTION XX. Section 38X of chapter 63, as so appearing, is hereby amended by striking out, in line 50, the figure “25” and inserting in place thereof the following figure:- 20.

SECTION XX. Subsection (d) of section 38X of said chapter 63, as so appearing, is hereby amended by striking out the words, “and shall, at the election of the taxpayer, be refundable to the extent provided for in section 32E.”

SECTION XX. Said section 38X of said chapter 63, as so appearing, is hereby further amended by striking out subsection (g) and inserting in place thereof the following subsection:- (g) The total amount of tax credits provided under this subsection and section 6(l) of chapter 62 in connection with any one motion picture production shall not exceed $7,000,000.

SECTION XX. Section 14 of chapter 129 of the acts of 2013 is hereby amended by striking out the figure “2020” and inserting in place thereof the following figure:- 2022.

SECTION XX. Sections 1 to 4, 7, 15 and 21 to 23, inclusive, shall take effect on July 1, 2016 and shall be effective for any applications for exemptions from the sales tax from a motion picture production company under subsection (ww) of section 6 of chapter 64H on or after July 1, 2016.

SECTION XX. Sections 8 and 16 shall take effect for the tax year beginning on January 1, 2018 and ending on December 31, 2018.

SECTION XX. Sections 9 and 17 shall take effect for the tax year beginning on January 1, 2019 and ending on December 31, 2019.

SECTION XX. Sections 10 and 18 shall take effect on January 1, 2020 and shall be effective for all tax years beginning on or after January 1, 2020.

SECTION XX. Sections 11, 12 and 20 shall take effect on January 1, 2021 and shall be effective for all tax years beginning on or after January 1, 2021.

SECTION XX. Except as otherwise provided, this act shall take effect on January 1, 2017 and shall be effective for all tax years beginning on or after January 1, 2017.