2014 Special Session I

Budget Amendments - HB5002 (Floor Approved)

View Budget Item
View Budget Item amendments

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 ($2,350,000) FY2016 ($600,000) GF

Page 79, line 39, strike "$59,321,491" and insert "$56,971,491".
Page 79, line 39, strike "$77,274,499" and insert "$76,674,499".
Page 80, line 52, strike "$4,750,000 the first year and $3,000,000 the second", and insert:  "$2,400,000 the first year and $2,400,000 the second".

(This amendment reduces 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 $6.5 million per year. The industry has indicated that tax credits are better incentives for these types of productions. In total, this will provide $8.9 million per year in film incentives.)