Virginia 2020 Regular Session Status: In Committee

HB 139 — New media and technology innovation; establishes income tax credit.

Last action — Left in Appropriations

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House of Delegates
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

New media and technology innovation income tax credit. Establishes a new media and technology innovation income tax credit, starting with taxable year 2020, which is a nonrefundable tax credit for expenses related to producing in Virginia commercial advertisements, digital interactive media productions, and episodic television series. The bill allows a company to submit a single application for a project covering multiple tax years and requires such company to make available a third-party audit of its project-related expenses.The bill provides that the Department of Taxation and the Virginia Film Office shall review applications for credits and that the MEI (Major Employment and Investment) Project Approval Commission shall review applications for tax credits and recommend whether to endorse them; however, its recommendation shall not be binding on the determination of the Department and the Virginia Film Office on whether to approve the application.The credit equals 15 percent of expenses or 20 percent for productions in economically distressed areas of Virginia. Expenses eligible for the credit exclude purchases that were exempt from sales tax unless such purchases were made at least one year prior to such taxpayer entering into an agreement with the Virginia Film Office related to the tax credit. Productions may receive additional credits of up to 20 percent of (i) production costs over $250,000 and (ii) compensation paid to Virginia residents who are first-time actors or production crew members.The bill provides that credits may be carried over to subsequent taxable years for up to 10 years and transferred to another party upon payment to the Department of a fee of two percent. The bill authorizes the Governor to use funds from any source to buy back credits from credit holders, provided that the Governor pays at least 80 percent of their value.

Bill Text

  • Impact statement from TAX (HB139) View text Current html December 18, 2019

Action History

  1. Left in Appropriations

  2. Impact statement from TAX (HB139)

  3. Referred to Committee on Appropriations

  4. Reported from Communications, Technology and Innovation with amendments (20-Y 2-N)

  5. Subcommittee recommends referring to Committee on Appropriations

  6. Subcommittee recommends reporting with amendments (8-Y 1-N)

  7. House committee, floor amendments and substitutes offered

  8. Assigned CT & I sub: Technology and Innovation

  9. Referred to Committee on Communications, Technology and Innovation

  10. Prefiled and ordered printed; offered 01/08/20 20103146D

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 145 not signed on · 1 voted No

Sponsors (1)

Co-sponsors (2)

Not signed on (145)

145 members have not signed on to this bill.

Show all 145 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Reported from Communications, Technology and Innovation with amendments (20-Y 2-N)

Passed 20 Yea · 2 Nay
Party YeaNayPresentNot Voting
Unaffiliated 20200
Total 20200
% of votes cast 91%9%0%0%
How each member voted (22)
Member Party Vote
Ayala, Hala S. — Yea
Plum, Kenneth R. — Yea
Samirah, Ibraheem S. — Yea
Subramanyam, Suhas — Yea
Hudson, Sally L. — Yea
Jenkins, Clinton L. — Yea
Byron, Kathy J. — Yea
Edmunds, James E., II — Yea
Campbell, Jeffrey L. — Yea
LaRock, Dave A. — Yea
Freitas, Nicholas J. — Nay
Brewer, Emily M. — Yea
Alex Q. Askew — Yea
C.E. Cliff Hayes, Jr. — Yea
Chris S. Runion — Yea
Dan I. Helmer — Yea
Danica A. Roem — Yea
Don Scott — Yea
Jeion A. Ward — Yea
Kelly K. Convirs-Fowler — Yea
M. Keith Hodges — Yea
Michael J. Webert — Nay

Official roll call →

Subcommittee recommends reporting with amendments (8-Y 1-N)

Passed 8 Yea · 1 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 8102
Total 8102
% of votes cast 73%9%0%18%
How each member voted (11)
Member Party Vote
Ayala, Hala S. — Yea
Samirah, Ibraheem S. — Yea
Hudson, Sally L. — Nay
Edmunds, James E., II — Not Voting
LaRock, Dave A. — Yea
Brewer, Emily M. — Yea
Alex Q. Askew — Yea
C.E. Cliff Hayes, Jr. — Not Voting
Don Scott — Yea
Jeion A. Ward — Yea
M. Keith Hodges — Yea

Official roll call →

Subjects

taxation technology
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Frequently asked questions

What does HB 139 do?
New media and technology innovation income tax credit. Establishes a new media and technology innovation income tax credit, starting with taxable year 2020, which is a nonrefundable tax credit for expenses related to producing in Virginia commercial advertisements, digital interactive media productions, and episodic television series. The bill allows a company to submit a single application for a project covering multiple tax years and requires such company to make available a third-party audit of its project-related expenses.The bill provides that the Department of Taxation and the Virginia Film Office shall review applications for credits and that the MEI (Major Employment and Investment) Project Approval Commission shall review applications for tax credits and recommend whether to endorse them; however, its recommendation shall not be binding on the determination of the Department and the Virginia Film Office on whether to approve the application.The credit equals 15 percent of expenses or 20 percent for productions in economically distressed areas of Virginia. Expenses eligible for the credit exclude purchases that were exempt from sales tax unless such purchases were made at least one year prior to such taxpayer entering into an agreement with the Virginia Film Office related to the tax credit. Productions may receive additional credits of up to 20 percent of (i) production costs over $250,000 and (ii) compensation paid to Virginia residents who are first-time actors or production crew members.The bill provides that credits may be carried over to subsequent taxable years for up to 10 years and transferred to another party upon payment to the Department of a fee of two percent. The bill authorizes the Governor to use funds from any source to buy back credits from credit holders, provided that the Governor pays at least 80 percent of their value.
Who sponsors HB 139?
HB 139 is sponsored by Michael J. Jones, Kelly K. Convirs-Fowler, and Will Davis.
What is the current status of HB 139?
This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 139?
Track HB 139 free on One Click Politics — get push/email alerts when it moves.

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