All Roll Calls
Yes: 166 • No: 44
Sponsored By: Todd E. Pillion (Republican)
Became Law
Motion picture production tax credit; sunset extended. Extends the motion picture production tax credit sunset date from taxable year 2026 to taxable year 2030. This bill is identical to HB 400.
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5 provisions identified: 2 benefits, 3 costs, 0 mixed.
Producers can get a refundable credit equal to 15% of qualifying Virginia expenses, or 20% in an economically distressed area designated by the Virginia Economic Development Partnership Authority. A production must spend at least $250,000 in Virginia, and the credit is figured on all qualifying Virginia expenses for the production. Refunds apply to one tax year per application. You also get 10% of Virginia-resident payroll when Virginia costs are $250,000 to $1,000,000. You get 20% of that payroll when Virginia costs are over $1,000,000. Payroll for first-time Virginia actors or crew earns an extra 10% credit. Partnerships, S corporations, and LLCs may allocate credits to owners by ownership share.
The law keeps Virginia’s motion picture production tax credit in place for taxable years that start on or after January 1, 2011 and before January 1, 2031. Starting January 1, 2013, digital interactive media counts the same as a motion picture for this credit. Productions must take place in Virginia.
For goods bought at $25,000 or more, only the purchase price minus fair market value at completion counts. Only the first $1,000,000 of any one person’s pay counts toward the credit, including pay through service or leasing companies. No credits are allowed for political ads, TV news, live sports, obscene material, or reality TV. One full season of a TV series is treated as one production.
You must apply to the Virginia Tourism Authority before production starts and sign an MOU with estimated Virginia spend, a timeline, and a maximum credit. After you finish and meet the MOU, the VTA certifies the final credit and the fiscal year of any refund. Your tax return for the year you finish must include production details and the credit amount. You must keep records, let the Tax Commissioner review them, and prove you qualify; the Tax Commissioner consults the VTA when checking expenses. No interest is paid on these refunds.
The state limits the total motion picture credits it allocates. The caps are $2.5 million for 2010–2012, $5.0 million for 2012–2014, and $6.5 million for FY 2015 and each year after. These limits restrict how much credit can be given to all productions each year.
Todd E. Pillion
Republican • Senate
There are no cosponsors for this bill.
All Roll Calls
Yes: 166 • No: 44
House vote • 2/23/2026
Passed House
Yes: 74 • No: 23
House vote • 2/18/2026
Reported from Finance
Yes: 18 • No: 3
Senate vote • 1/30/2026
Read third time and passed Senate
Yes: 23 • No: 15
Senate vote • 1/29/2026
Engrossed by Senate (Voice Vote)
Yes: 0 • No: 0
Senate vote • 1/29/2026
Finance and Appropriations Substitute agreed to
Yes: 0 • No: 0
Senate vote • 1/28/2026
Passed by for the day Block Vote (Voice Vote)
Yes: 0 • No: 0
Senate vote • 1/28/2026
Constitutional reading dispensed Block Vote (on 1st reading)
Yes: 40 • No: 0
Senate vote • 1/27/2026
Reported from Finance and Appropriations with substitute
Yes: 11 • No: 3
Acts of Assembly Chapter text (CHAP0827)
Approved by Governor-Chapter 827 (effective 7/1/2026)
Governor's Action Deadline 11:59 p.m., April 13, 2026
Enrolled Bill communicated to Governor on March 10, 2026
Fiscal Impact statement From TAX (2/26/2026 3:51 pm)
Bill text as passed Senate and House (SB612ER)
Enrolled
Signed by President
Signed by Speaker
Passed House (74-Y 23-N 0-A)
Read third time
Read second time
Reported from Finance (18-Y 3-N)
Fiscal Impact statement From TAX (2/17/2026 7:04 pm)
Referred to Committee on Finance
Read first time
Placed on Calendar
Read third time and passed Senate (24-Y 16-N 0-A)
Engrossed by Senate (Voice Vote)
Finance and Appropriations Substitute agreed to
Engrossed by Senate - committee substitute
Read second time
Passed by for the day Block Vote (Voice Vote)
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
Passed by for the day
Chaptered
4/13/2026
Enrolled
2/24/2026
Substitute
1/27/2026
Introduced
1/14/2026
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