CAST & CREW ENTERTAINMENT SERVICES

THURSDAY, JUNE 16, 2016

In this Issue

ENACTED

LEGISLATION

Louisiana (HCR 54)

Minnesota (H 2749)

ON THE GOVERNOR'S DESK

Louisiana (H 737)

PROPOSED LEGISLATION

Ohio (H 390)

Rhode Island (H 7454)

IN THE NEWS

British Columbia

California

California

California

Iceland

United Kingdom

QUICK LINKS

Archived TIP Newsletters

ENACTED LEGISLATION

Signed by the Governor

LOUISIANA (HCR 54)

House Concurrent Resolution 54 The Louisiana Legislature adopted a resolution expressing its intent regarding the meaning of "broker" in Act 451 of the 2015 Regular Legislative Session, which required persons selling motion picture investor credits against corporate and personal income taxes to qualify for and be included in a public registry of motion picture investor tax credit brokers

MINNESOTA (H 2749)

On June 1, 2016 Governor Mark Dayton signed House Bill 2749, granting a onetime appropriation of $4.5 million to the Minnesota Film and TV Fund for the 2017 fiscal year (July 1 - June 30). This is in addition to the $1.5 million already appropriated for the 2017 fiscal year.

ON THE GOVERNOR'S DESK

Awaiting Signature

LOUISIANA (H 737)

House Bill 737 clarifies the 6% withholding requirement. Payments that would otherwise not be subject to withholding requirements pursuant to state and federal regulations are not subject to 6% Louisiana withholding (pension benefits, nontaxable portion of per diem, etc.) The withholding requirement applies to expenditures occurring after January 1, 2016.

PROPOSED LEGISLATION

Still in the House or Senate

OHIO (H 390), Enrolled

House Bill 390 proposes to amend the existing production incentive program. Highlights are as follows:

Increases the state's annual cap to $40 million per fiscal year (July 1 - June 30) beginning July 1, 2016;
Eliminates the $5 million per project cap;
Modifies the incentive that may be earned to equal 30% of all labor and spend;
Stipulates that the refundable tax credit may be transferred to one or more other persons;
Institutes a job training program which will reimburse 50% of the salaries paid to film and multimedia trainees employed in the production; and,
States that the amendments apply to tax credit certificates issued on or after July 1, 2016