Virginia Touts First Film Industry Tax Credit Law

June 15, 2010

Gov. Bob McDonnell is celebrating Virginia's first law giving the tax credits to the motion picture industry.

McDonnell ceremonially signed the legislation on Monday. The law is designed to recruit the production of television, film, documentaries and interactive digital media to Virginia.

Under the legislation, qualified companies can apply to receive tax credits based on money spent in Virginia on labor, goods and services. Virginia's new tax credit legislation will take effect in January 2011.

The governor's office says the production of filmed entertainment has been responsible for economic impact of more than $4 billion since 1980. In 2008, the industry employed 4,000 Virginians with a total economic impact of $378 million.


The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we ask that you follow our rules for commenting. E-mail is required to comment on a story, but it will not be displayed with your comment. For complete rules, CLICK HERE. The Newsplex reserves the right to not post or to remove any comment.
powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 96383579 - newsplex.com/a?a=96383579