PROPOSED LEGISLATION (STILL IN THE HOUSE OR SENATE)
FEBRUARY 28, 2010
Connecticut has introduced a bill to change the existing incentive program from a tax credit to a nontransferable tax rebate program. To be considered an eligible production company at least 50% of its total production must be conducted in studios in Connecticut. The requirement that 50% of principal photography days be within Connecticut or at least 50% of post production costs be incurred within Connecticut have been removed along with all language relating to transferring or assigning the credit. Otherwise, most of the language from the existing program has been carried forward.
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