Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

State: 
Virginia
Reporting Jurisdiction: 
Virginia
Jurisdiction type
State
Fiscal year ending In: 
2018
Program name: 
Motion Picture Production Tax Credit
Program purpose
Film production
Statutory authority
Section 58.1-439.12:03 of the Code of Virginia
Abating jurisdiction(s)
State of Virginia
Applicable taxes: 
Corporate Income Tax
Method of abatement
Tax credit
Provisions for recapture
(no provisions for recapture)
Gross revenue loss
$6,100,000
Reimbursement / offset
$0
Net revenue loss
$6,100,000
Type of loss
Active
Additional notes on dislosure: 
(none)