2014 Session

Budget Amendments - HB30 (Committee Approved)

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Eliminate GF for MPOF to Reflect Enhanced Credits

Item 101 #5h

Item 101 #5h

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Economic Development Incentive Payments FY2015 ($4,750,000) FY2016 ($3,000,000) GF

Page 79, line 39, strike "$59,321,491" and insert "$54,571,491".
Page 79, line 39, strike "$77,274,499" and insert "$74,274,499".
Page 80, line 52, strike "$4,750,000 the first year and $3,000,000 the second".
Page 80, line 53, strike "year from the general fund and".

(This amendment eliminates the general fund support for the Motion Picture Opportunity Fund. A companion action adopted by the House in the 2014 Session increases the tax credits available for film and TV production from $5.0 million per biennium to $12.5 million per year. The industry has indicated that tax credits are better incentives for these types of productions. Retained in the Fund are the nongeneral fund revenues generated by a fee attached to film rentals in hotels.)