| Last Action | 03/18/26: to Committee on Committees (H) |
|---|---|
| Title | AN ACT relating to the film industry credit. |
| Bill Documents |
Current
Introduced |
| Bill Request Number | 2008 |
| Sponsor | R. Stivers |
| Summary of Original Version | Amend KRS 141.383 and 154.61-020 to allow that any unallocated portion of the $75 million credit cap be carried forward for utilization in subsequent calendar years for high-impact motion pictures or entertainment productions; amend KRS 154.12-280 to require the Kentucky Film Office to review applications, notify applicants of additional information needed, and forward applications to the Cabinet for Economic Development and the Kentucky Film Leadership Council; amend KRS 154.12-282 to update functions and purposes of the Kentucky Film Leadership Council; amend KRS 154.61-010 to define terms and revise definitions; provide that a motion picture or entertainment production eligible for credit includes a video game, music video, or commercial; amend KRS 154.61-020 to increase the minimum amount of qualifying expenditures and qualifying payroll expenditures that must be expended by an approved company to qualify for tax incentives; require, in addition to current reports, the submission of a certified audit by an approved company within 180 days of completion of production. |
| Index Headings of Original Version |
Economic Development - Film industry credit, eligible productions, certified audits State Agencies - Kentucky Film Office, Kentucky Film Leadership Council Taxation - Income tax, film industry credit, eligible productions, certified audits Taxation, Income--Corporate - Film industry credit, eligible productions, certified audits Taxation, Income--Individual - Film industry credit, eligible productions, certified audits Tourism - Film industry credit, eligible productions, certified audits |
| Jump to Proposed Amendments | Senate Committee Substitute 1 |
| Votes | Vote History |
| 03/02/26 |
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| 03/04/26 |
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| 03/12/26 |
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| 03/13/26 |
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| 03/16/26 |
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| 03/17/26 |
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| 03/18/26 |
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| Amendment | Senate Committee Substitute 1 |
|---|---|
| Summary | Retain original provisions; provide that the Kentucky Film Office may include the adoption of expenditure sampling procedures in its standards for the conducting of certified audits; require qualifying expenditures and qualifying payroll expenditures for a continuous film production to be prorated to the total budget of the production; allow any unallocated balance of $75,000,000 to also be approved for companies with continuous film productions; provide that the $1,000,000 cap on qualifying payroll expenditures applies per episode of a continuous film production. |
| Index Headings |
Economic Development - Film industry credit, eligible productions, certified audits State Agencies - Kentucky Film Office, Kentucky Film Leadership Council Taxation - Income tax, film industry credit, eligible productions, certified audits Taxation, Income--Corporate - Film industry credit, eligible productions, certified audits Taxation, Income--Individual - Film industry credit, eligible productions, certified audits Tourism - Film industry credit, eligible productions, certified audits |
Last updated: 3/19/2026 8:27 PM (EDT)