Legislation Update:
Kentucky Has Tax Credits!!!
HB 3, The Governor’s Economic Incentives bill passes both the House and Senate!!
20% REFUNDABLE credits are here
Our incentives package - the foundation of which is a 20% refundable credit for qualified, instate spend - will be competitive with even the higher transferrable credits that some states are offering. Look for new and exciting projects to come our way very soon!!
What happens now?
1. The governor signs the bill into law.
2. We met with film office officials immediately after the vote, and they will feed us instructions, updated forms to register with them, etc. We will forward all information to you as it is received.
3. Crew should polish your bio “blurb” and gather your three references, with phone numbers, for each entry you plan to put in the state directory. Be prepared to fill out new forms that we will forward to you when they have been updated by the film office.
4. We hope to have a reception in the next few weeks to meet and celebrate. Stay tuned!
5. I will probably put updates on our LightsCameraKentucky Facebook page from now on. To join, go to:
http://www.facebook.com/topic.php?topic=9077&uid=131291785053#/group.php?gid=131291785053
Thank you for all of your help and support to get this legislation passed. I hope that the success of this effort provides Kentuckians with new jobs, job growth and all the benefits that come with new industry. Please don’t forget to thank Governor Beshear, Mrs. Beshear, Rep. Tommy Thompson and your legislators for their leadership, support and vote.
WHAT YOU CAN DO:
1. Thank-you letters: Please write letters of appreciation to Governor Beshear, First Lady Jane Beshear, and Rep. Tommy Thompson.
2. Send us articles: Please send us any news that you come across about what is happening in other states, or projects in development that you feel should be made in Kentucky. We will continue to monitor and work with the state Film Office to ensure that Kentucky becomes and remains a financially competitive and industry-friendly location for motion picture and theater production.
3. Join Lights…Camera…Kentucky, Inc.: Please peruse this website to find the membership forms. Your dues will be our way of financing future lobbying efforts and other projects. We will continue to grow our organization to be the go-to support resource for our industry in Kentucky.
Thank you very much for your interest and involvement through our first project – Successfully lobbying for incentives to strengthen the film industry in Kentucky.
WE ARE NOT FINISHED. WE HAVE JUST BEGUN!